What Is Cabot (CBT) Planning After Its $50 Million DOE Battery Materials Grant?

Cabot (NYSE:CBT) received a US$50 million grant from the U.S. Department of Energy for battery materials capacity on 17 September 2026. The firm plans to redirect its advanced battery materials expansion from an initially planned Michigan facility to brownfield sites in Louisiana and Texas. Cabot intends to pair the federal funding with its own capital to expand domestic production of materials used in energy storage applications. The DOE backed expansion into Louisiana and Texas is only one...