The Energy Department is getting ready to hand out about $2 billion in grants to create a domestic industry for electric-car batteries, and 122 companies are scrambling to get pieces.
The companies range from small niche firms to giants such as Dow Chemical and Johnson Controls. All are promising a combination of innovation and ability to deliver new products on a commercial scale to prevent the United States from trading dependence on foreign oil or reliance on foreign-made batteries.
“We’ve had 20 years of bad behavior in the United States in terms of developing ideas into products,” said Mary Ann Wright, chief executive of Johnson Controls’s joint venture developing hybrid battery systems.
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