The $5.5 million investment will advance financial attainable, responsible ways to refine critical minerals.
The Department of Energy (DOE) has allocated $5.5 million to six research and development projects, the latest investment into the cultivation of America’s domestic semiconductor supply chain.
According to the U.S. Geological Survey, over 95 percent of the U.S. demand for rare earth elements is supplied by foreign countries. These six projects aim to create new technologies to sustainably refine the critical minerals necessary for semiconductors within the U.S. at critical mass.
“Building a clean energy and industrial economy requires strategically tapping into our nation’s own reliable domestic resources to meet this demand and strengthen energy security,” said Energy Secretary Jennifer Granholm. “We are investing in alternative products that will be developed using more abundant and accessible materials, reducing our import dependency while lowering costs, increasing U.S. competitiveness, and enhancing our national security.”
As the Lord Leads, Pray with Us…
- For discernment for Secretary Granholm as she allots funding for critical mineral research.
- For Energy Department officials as they pursue strategies for renewable energy and energy security.
Sources: Department of Energy
