An Israeli company that saw a nearly $200 million grant to build a large-scale battery materials plant in St. Louis eliminated by the Trump administration is pulling the plug on the project.
ICL Group, a battery materials company with headquarters in Tel Aviv, Israel, and St. Louis, announced Wednesday that it had canceled the project billed as a first-of-its-kind lithium-iron phosphate plant in the U.S.
ICL said its decision to halt the St. Louis project followed a strategic review of its operations following the Department of Energy’s announcement that it was terminating $7.5 billion in funding for hundreds of projects, many of them aimed at advancing clean energy.
DOE funding cuts also led to a decision by sodium-ion battery producer Natron Energy to cease operations. While some are abandoning plans, other groups that lost funding are fighting back by filing lawsuits.
