Cabot Corporation Chosen For $50M Award Negotiation By U.S. Department Of Energy To Develop First Commercial-Scale Battery Material Facility In The U.S.
Portfolio Pulse from Benzinga Newsdesk
Cabot Corporation has been selected by the U.S. Department of Energy for a $50 million award negotiation to develop the first commercial-scale battery material facility in the U.S. This initiative is part of efforts to enhance domestic battery production capabilities.
September 20, 2024 | 12:26 pm
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Cabot Corporation has been chosen for a $50 million award negotiation by the U.S. Department of Energy to develop a commercial-scale battery material facility, marking a significant step in domestic battery production.
The selection of Cabot Corporation for a $50 million award negotiation by the U.S. Department of Energy is a significant development. It positions Cabot as a key player in the domestic battery production industry, likely boosting investor confidence and potentially leading to a positive short-term impact on its stock price.
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