As the tech giants face thousands of layoffs in the US, the Biden administration appears poised to promote green energy as a huge opportunity for business and industry. Thus, he continues to pour a large amount of capital to support electric battery and electric car companies so that the US becomes a superpower and becomes an awe-inspiring rival of China. According to his publication BloombergThe $370 billion in clean energy investment provided by the Inflation Reduction Act and the additional billion dollars provided by the Infrastructure and Jobs Investment Act are expected to be used for the growth prospects of lithium battery companies. At the same time, the funds will be directed to new generating companies that can revolutionize this market.

One such company is Lyten, which has been operating as a start-up in Silicon Valley for 8 years. The company’s flagship and most revolutionary product is a spin-off graphene product that will improve the energy efficiency and safety of lithium-sulphur batteries and outperform existing technologies on the market. Sulfur is widely available and cheap. “Plus, it’s literally cheaper than dirt,” George Liddle, Lyten’s director of government programs, told Bloomberg during a tour of the more than 5-acre facility in San Jose, California. “Using it will help reduce dependence on metals such as cobalt, nickel and manganese,” he notes. According to co-founder and CEO Dan Cook, Lyten has raised more than $200 million in investment and has 230 employees. However, the attempt to create lithium-sulfur batteries ran into several obstacles that need to be overcome. Given the chemical reactions, battery cells have a limited lifespan, which Lighten says can be extended by using graphene. The company has received patents for the use, design and production of 3D graphene.

A Silicon Valley company is promoting solutions using sulfur, which is said to be cheaper than soil.

Competitors to Lyten’s next-generation electric battery technology are solid-state batteries being studied by Quantumscape and Solid Power, which have raised $1.2 billion and $382 million in funding, respectively. Car makers Nissan, BMW and Volkswagen have pledged to launch new cars with solid-state batteries by the end of this decade, according to Bloomberg.

Meanwhile, sodium-ion batteries have also attracted interest from two of the world’s largest battery manufacturers. CATL has announced their mass production this year, and BYD will include batteries in their vehicles. “Battery manufacturing is characterized by the complexity of semiconductors, the profitability of automakers and the productivity of paper mills,” said Geoffrey Bell, the company’s battery cell designer. In addition to solving scientific problems, startups like Lyten are trying to find places where they can produce their new batteries, while they have to buy special equipment and a lot of raw materials, as well as hire new workers.

The American government, for its part, is ready to provide several billion dollars for companies to face these difficulties. In October, the US approved $2.8 billion in grants related to the bipartisan infrastructure law, and that’s not all.