"Scrapped DOE Funding For Battery Company Fuels New Concerns"

"The Department of Energy’s decision to halt a contentious grant award to a battery company with ties to China is fueling new concerns on Capitol Hill over agency transparency and oversight.

On Monday night, the agency announced it would not dole out a $200 million proposed grant to Microvast Holdings Inc., a lithium-ion battery company that is planning a manufacturing facility in Tennessee, seven months after the award was tentatively approved.

Lawmakers across the political spectrum applauded the final decision, but said they remained concerned with the agency’s vetting and lack of transparency in its decision to scrap the Microvast grant."

Nico Portuondo, Hannah Northey, and Brian Dabbs report for E&E News May 24, 2023.

Source: E&E News, 05/25/2023