Cabot to Expand Domestic Production Capability With $50 Million DOE Grant

By Connor Hart

Cabot will increase its domestic manufacturing capabilities, supported in part by a $50 million grant from the U.S. Department of Energy.

The company on Thursday said it plans to expand production of advanced conductive additives at its facilities in Franklin, La., and Pampa, Texas.

The planned investments are designed to address rising demand for advanced battery materials, driven by the expansion of energy storage systems, increasing power requirements from artificial-intelligence infrastructure and data centers, ongoing grid modernization efforts and broader electrification trends, Cabot said.

Cabot plans to invest about $75 million to support the effort, supplementing the modified $50 million grant from the DOE's Office of Critical Minerals and Energy Innovation.

The grant reflects a collaborative effort between Cabot and the DOE to redirect funding from the company's originally announced Michigan project to a two-site brownfield expansion program.

"By leveraging our existing manufacturing assets, we can efficiently expand our battery materials platform, strengthen our position in the North American battery ecosystem, and support our customers' growth with localized supply," Cabot Chief Executive Sean Keohane said.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 17, 2026 09:32 ET (13:32 GMT)