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MegadealsSubsidy Tracker Individual Entry
Company: Piedmont Lithium Inc.
Parent Company:
Subsidy Source: federal
State in Which Facility Is Located: Tennessee
Project Description: Piedmont Lithium (Piedmont) is a leading global developer of lithium resources for the U.S. electric vehicle industry. Piedmont is designing Tennessee Lithium to be a world-class lithium hydroxide facility and a large, low-cost contributor to the battery manufacturing supply chain with a sustainability footprint that is superior to incumbent producers. Located in McMinn County, Tennessee, the project will be sited in an ideal location and uniquely positioned to supply Americas rapidly growing electric vehicle market. At full production, the Tennessee Lithium is expected to produce 30,000 metric tons per year of lithium hydroxide for the domestic battery and EV market, doubling the lithium hydroxide production capacity currently available in the United States. Construction is expected to begin in 2023, subject to permitting and project financing, with first production targeted for 2025.Using modern technology and processes, Piedmont expects Tennessee Lithium to be one of the most sustainable operations in the world.
Year: 2022
Subsidy Value: $141,680,442
Program Name: Bipartisan Infrastructure Law: Battery Materials Processing and Battery Manufacturing & Recycling Funding
Awarding Agency: Department of Energy
Type of Subsidy: federal grant
Number of Jobs or Training Slots: 120
Capital Investment: $430,356,259
Source of Data:
(click here)
Notes: Year is year of award announcement. Subsidy value is federal portion of project cost. Jobs are new jobs to be created.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.