Cabot to Expand Battery Materials Platform Through Modified $50 Million DOE Grant

09:48 AM EDT, 09/17/2026 (MT Newswires) -- Cabot (CBT) is expanding its North American battery materials platform with a modified $50 million grant from the US Department of Energy's Office of Critical Minerals and Energy Innovation, the company said Thursday. Cabot said it plans to expand domestic production of advanced conductive additives at its facilities in Franklin, Louisiana, and Pampa, Texas, through the grant and an investment of around $75 million. The investments will help address the increasing demand for advanced battery materials from trends such as rising data center power requirements and grid modernization efforts, the company said. Price: 78.46, Change: -0.74, Percent Change: -0.93