Press Release: Microporous (MP Assets Corporation) Selected to negotiate $100 Million Grant from the U.S. Department of Energy Grant to propel clean energy manufacturing
Piney Flats, TN – December 5, 2023 — Microporous (MP Assets Corporation), a leading competitor in the battery sector, proudly announces its selection for a prestigious grant from the U.S. Department of Energy (DOE) to manufacture lithium-ion battery separators. The DOE, as part of President Biden’s Investing in America Agenda, has allocated $275 million for seven transformative projects nationwide, and Microporous is set to contribute significantly to this initiative.
The $100 million grant negotiation positions Microporous as a key player in strengthening clean energy supply chains and advancing domestic clean energy manufacturing. This initiative aligns with Microporous’ commitment to innovation, sustainability, and driving positive change in the clean energy landscape.
Job Creation: The grant is expected to create 282 permanent jobs and ensure that at least 85% of full-time employees are from local Disadvantaged Communities (DACs) by the completion of the project. These jobs will be high-quality, well-paying jobs, boosting employment opportunities in the cutting-edge technologies sector.
Technological Advancements: Microporous will focus on expanding our wet process Polyethylene lead-acid battery separator technology to enhance the nation’s capabilities in the production of wet process Polyethylene lithium-ion battery separators for the electric vehicle supply chain.
Community Impact: As part of Microporous’ commitment to inclusivity and community development, a site will be selected with the goal of building their manufacturing facility in a double-distressed coal and Justice40 community and will ensure hired employees are from local Disadvantaged Communities (DACs) by the completion of the project.
Sustainable Practices: By building domestic supply chains for existing and emerging technologies, Microporous contributes to reducing reliance on fossil fuels, promoting energy independence, and addressing climate challenges.
John Reeves, CEO at Microporous, expressed enthusiasm about the grant negotiations, stating, “Negotiating the DOE grant is a testament to our dedication to advancing clean energy manufacturing. We look forward to contributing to building resilient supply chains and creating high-quality jobs in the process.”
About Microporous (MP Holdings):
Microporous is a leading international supplier of lead acid battery separators. Over our 80+ year history, Microporous has firmly established a reputation for quality and service. With a commitment to excellence, sustainability, and innovation, Microporous continues to make significant contributions to the clean energy landscape.
About the U.S. Department of Energy (DOE) and DOE’s Office of Manufacturing and Energy Supply Chains:
The DOE is at the forefront of driving initiatives to strengthen clean energy supply chains and accelerate manufacturing in energy and industrial communities. DOE’s Office of Manufacturing and Energy Supply Chains will run the portfolio of projects selected for negotiation of award. Learn more about the MESC mission to strengthen and secure energy supply chains as the frontline of clean energy capital deployment.
Piney Flats, TN 376868, US