Solvay receives grant from the U.S. Department of Energy for new battery-grade PVDF facility
Solvay and the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains finalized their agreement for a $178 million grant to Solvay to help build a facility at its site in Augusta, GA to manufacture battery-grade PVDF, which is used as a lithium-ion binder and separator coating in electric vehicle batteries. Solvay’s Solef® product enables electric vehicles to go farther on each charge, extends battery life and improves battery safety.
“Solvay thanks the Biden Administration and the DOE for its support in creating a robust and resilient battery supply chain in the US that brings important clean energy jobs” said Mike Finelli, Chief Technology and Innovation Officer and Chief North America Officer at Solvay. “With demand for EVs growing rapidly, this project would be a major step forward in building a modern energy economy, providing material for more than 5 million EV batteries per year at full capacity and creating hundreds of jobs throughout the value chain, including for economically disadvantaged and underrepresented communities.”
The facility is expected to be operational in 2026. The grant was awarded to Solvay as part of the U.S. Infrastructure Investment and Jobs Act (IIJA) to expand domestic manufacturing of batteries for electric vehicles and the electrical grid.