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Industry Landscape
The US battery materials industry is undergoing rapid expansion, driven by massive government incentives (IRA, Infrastructure Bill) and a strong push for domestic sourcing. This aims to reduce reliance on foreign supply chains, especially for LFP and graphite, which are crucial for EV and grid storage. The industry is characterized by significant investment in new manufacturing facilities and a focus on innovative, cost-effective production methods to secure energy independence.
Total Assets Under Management (AUM)
Battery Cell Manufacturing Capacity in United States
~Over 1000 GWh by 2030 (projected)
(30-50% annually (projected 2023-2030) CAGR)
- Driven by EV demand and supportive government policies.
- Numerous Gigafactories are under construction or planned.
- Focus on LFP chemistry is increasing due to cost and safety.
Total Addressable Market
Over 100 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Dry Electrode Manufacturing
This technology eliminates the need for toxic and energy-intensive solvents in electrode production, significantly reducing manufacturing costs and environmental impact for LFP batteries.
Silicon-Anode Integration
Incorporating silicon into graphite anodes can dramatically increase battery energy density, leading to lighter and more powerful EV batteries for the US market.
Direct Lithium Extraction (DLE)
DLE techniques offer more efficient and environmentally friendly methods to extract lithium from brines and unconventional sources, diversifying domestic supply chains for battery materials.
Impactful Policy Frameworks
Inflation Reduction Act (IRA) of 2022
The Inflation Reduction Act (IRA) of 2022 provides significant tax credits and incentives for electric vehicles and renewable energy, specifically tying EV tax credits to domestic sourcing of battery components and critical minerals.
This policy directly incentivizes battery manufacturers and EV makers to prioritize domestic material sourcing, creating substantial demand for NEXGEN Materials' offerings.
Bipartisan Infrastructure Law (BIL) of 2021
The Bipartisan Infrastructure Law (BIL) of 2021 allocates billions of dollars in funding for domestic battery material processing, manufacturing, and recycling, including grants for critical mineral supply chains.
The BIL provides crucial financial support for the establishment and expansion of domestic battery material production facilities, directly benefiting NEXGEN Materials' JV strategies and capital acquisition.
Executive Order 14017 on America's Supply Chains (2021)
Executive Order 14017 directs a whole-of-government approach to assess and strengthen critical supply chains, including those for large capacity batteries, to reduce reliance on foreign adversaries.
This policy reinforces the strategic imperative for domestic battery material supply chains, aligning with NEXGEN Materials' core mission and potentially leading to further supportive policies and funding.
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