Graphite as a battery material 'essential for national defense' Graphite One (Alaska), Inc. was awarded a Department of Defense (“DoD”) Technology Investment Agreement grant of $37.5 million under Title III of the Defense Production Act (“DPA”), funded through the Inflation Reduction Act (“IRA”) in July. The funding objective of the DoD-Graphite One (Alaska) Technology Investment Agreement is to perform an accelerated Feasibility Study to modernize and expand domestic production capacity and supply for graphite battery anodes necessary for electronic vehicles and alternative energy batteries, as an essential national defense technology item. The DoD grant to Graphite One follows the designation of graphite as one of the battery materials deemed under the DPA law to be “essential to the national defense.” At present, the U.S. is 100% import-dependent for graphite, with China being the world’s leading producer. The DPA funding allows G1 to accelerate its Feasibility Study covering its Graphite Creek Project 35 miles north of Nome, Alaska. Graphite Creek was recently confirmed by the U.S. Geological Survey to be the country’s largest known graphite resource, and “among the largest in the world.” “Graphite One is honored to receive this award from the Department of Defense, funded by the IRA, and we look forward to advancing our Feasibility Study program,” said Anthony Huston, founder and CEO of G1. “This Department of Defense grant underscores our confidence in our strategy to build a 100 percent U.S.-based advanced graphite supply chain — from mining to refining to recycling. The World Bank Group reports that the production of minerals, including graphite, could increase by 500% by 2050, to meet the growing demand for clean energy technologies.” “This investment to increase domestic capabilities for graphite exemplifies Industrial Base Policy’s commitment to building a resilient industrial base to meet current and future national defense requirements,” said Dr. Laura Taylor-Kale, Department of Defense Assistant Secretary for Industrial Base The Alaska Miner Summer 2023 14 Graphite One awarded $37.5M grant from DoD LIGHT UP COAL MINERS ALASKA The foundation of Interior Alaska's economy is built on a powerful rock - coal. Alaskans save hundreds of millions of dollars by relying on coal, our most abundant and affordable source of energy. For more than 75 years, the people of Usibelli Coal Mine have proudly provided light and warmth to Alaskans. USIBELLI.COM
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