BROWNSTEIN HYATT FARBER SCHRECK ASSISTS CELGARD TO OBTAIN $49 MILLION IN STIMULUS FUNDING FROM THE DEPARTMENT OF ENERGY
A team of Brownstein Hyatt Farber Schreck attorneys, led by John A. Herrick, played an integral role in the approval of a $49 million grant to North Carolina-based Celgard, a developer of materials for use in lithium-ion batteries. The grant was one of 48 grants announced on August 5 by the U.S. Department of Energy (DOE) for a total of $2.4 billion through the American Recovery and Reinvestment Act (ARRA) – the single largest investment ever made in advanced battery technology.
In assisting Celgard, Herrick, former chief counsel for the DOE’s Golden, Colo. office, aided Celgard in navigating the complex application process to secure this notable grant. Herrick will also advise Celgard in negotiating the award with the DOE.
“Secretary Chu and DOE in announcing the Celgard selection have recognized the company's tremendous potential as a leader in the advanced battery industry,” said John Herrick. “Helping Celgard to access this needed funding was extremely rewarding for us. The company is well on its way to becoming a cutting-edge industry leader in clean energy technology.”
Celgard’s grant, among the largest of the 48, will be used for expansion of their battery separator product to help meet the growing demand from American manufacturers for lithium-ion batteries. Along with other grants awarded on August 5, this grant will help launch the advanced battery industry in America. Additionally, the grant will allow Celgard to upgrade and expand its facilities, ultimately creating hundreds of new jobs.
The grant funding is part of the DOE's Electric Drive Vehicle Battery and Component Manufacturing Initiative of the ARRA 2009 that provides federal stimulus funding to support the creation of American jobs while promoting the development of U.S.-based advanced battery production for the electric drive vehicle market.
Brownstein is at the forefront of representing companies in the clean energy sector. The firm’s renewable energy practice group combines decades of traditional energy sector experience with substantial knowledge of the increasingly complex business, financial and regulatory environment facing renewable energy companies. The group represents clients in every sector of clean technology, including developers, manufacturers and investors in solar, wind, geothermal and advanced biofuel projects.
For more information about Celgard, visit http://www.celgard.com.
For more information about the Department of Energy, visit http://www.energy.gov.