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Cabot Corporation to Expand North American Battery Materials Platform Through Modified $50 Million DOE Grant
Source: GlobeNewswire
Renewable Energy TransitionTechnology & InnovationArtificial IntelligenceCompany Fundamentals
Cabot plans to expand U.S. battery-materials production using a modified $50 million Department of Energy grant and a $75 million company investment. The expansion targets demand from AI-related power needs, energy storage and electrification, supporting Cabot's positioning in domestic battery-materials supply.
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