High Costs, Infrastructure Challenges Hinder Electric Vehicle Penetration

U.S. Energy Department Commits $850 Million Loan for Advanced Battery Manufacturing Facility

Climate Change and Emissions, Electric Vehicles, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The U.S. Energy Department’s Loan Programs Office on June 9 announced a conditional commitment of an $850 million loan intended to provide financial support for the construction of KORE Power Inc.’s advanced battery cell manufacturing facility in Buckeye, Arizona. The facility, named “KOREPlex,” would bolster the domestic battery supply chain by increasing the battery cell…...