U.S. Department Of Energy Announces $2.5 Billion Loan To Ultium Cells For Three Domestic Battery Cell Manufacturing Facilities
December 13, 2022
December 13, 2022
WASHINGTON, Dec. 13 -- The U.S. Department of Energy issued the following news on Dec. 12, 2022:
Reinforcing the Biden-Harris Administration's commitment to strengthening American manufacturing and our domestic supply chains, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee . . .
Reinforcing the Biden-Harris Administration's commitment to strengthening American manufacturing and our domestic supply chains, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee . . .