SPARKZ Announces $9.8 Million Department of Energy Grant for First-of-a-Kind Domestic Lithium Battery Material Production Facility in West Virginia

Click here to see the release from the DOE.

October 22, 2024

 

 [BRIDGEPORT, W.V.] SPARKZ an innovative next-generation battery manufacturer announced today the awarding of a $9.8 million grant from the U.S. Department of Energy. 

 

The DOE grant will fund a first-of-a-kind production facility for critical raw materials essential for lithium iron phosphate (LFP) battery manufacturing. This strategic investment will revitalize and transform a closed manufacturing facility in the heart of West Virginia’s coal country. This initiative is a vital step toward building a fully domestic, resilient supply chain for LFP batteries, supporting the national goal of enhancing the security of the clean energy supply chain. 

 

“We are excited to partner with the United Mine Workers of America to help West Virginia workers, while simultaneously establishing a first-of-a-kind LFP raw material production facility,” said Sanjiv Malhotra, Founder and CEO of SPARKZ. “This project will ensure that the men and women who have powered our nation for decades can continue to play a critical role in their state’s economy.” 

“This agreement marks a meaningful step forward for workers who have been hit hard by the downturn in traditional mining jobs,” UMWA International President Cecil E. Roberts said. “It represents an opportunity for laid-off miners to return to the workforce in well-paying jobs that support their families and communities. As West Virginia faces the ongoing energy transition, we are eager to work alongside SPARKZ to create long-term, sustainable opportunities for our members and their communities.” 

 

Training and recruitment for the new workforce will take place at the UMWA Career Center, known for providing displaced workers with the skills necessary to thrive in new industries. 

 

For media inquiries, please contact Abby Rodriguez at [email protected].

Founder & CEO

Dr. Sanjiv Malhotra

Dr. Sanjiv Malhotra is the founder and CEO of Sparkz—the battery start-up reinventing the energy supply chain.

 

Malhotra has been a leader in the energy sector for nearly three decades as a founder, investor and executive. Most recently, he served as the inaugural director for the Energy Investor Center at the U.S Department of Energy (DOE), serving under both Democratic and Republican administrations.

 

At DOE, Malhotra led the Obama Administration’s initiative to boost public-private partnerships to accelerate the commercialization of technologies developed in national research centers like Oak Ridge National Labs.

 

Malhotra was recruited to the Department of Energy after a successful exit of Oorja Protonics—the world leader in methanol fuel cells—which he founded and led as CEO for 10 years. Oorja raised $50 Million in equity financing from leading VCs such as Sequoia, DAG Ventures, Artis Capital and others during his tenure. He boosted Oorja’s revenue and profitability growth, while expanding operations globally in Japan, China, South Africa, Mexico, and India.

 

Oorja was acquired in 2014 by the Private Equity firm MinXing Growth Fund.

 

As an investor and consultant, Malhotra has worked at leading venture capital firms, including Kleiner Perkins Caufield and Byers as an advisor on clean energy and advanced materials.

 

Earlier in his career, Malhotra led the engineering and product development team at H Power, a pioneer in hydrogen fuel cells. As part of the management team, he managed the successful IPO, which raised more than $100 million in August 2000.

 

He began his career as a post-doctoral fellow at the renowned Lawrence Berkeley National Labs on electrochemical storage systems. Dr. Malhotra has authored seven patents and more than 40 publications in various fields of energy storage technology and materials. He holds a PhD in chemical engineering and an M.B.A from University of Iowa.