U.S. Energy Department Announces $670 Million Conditional Loan Commitment for Manufacturer of EV Battery Thermal Barriers
The U.S. Energy Department on Oct. 16 announced a conditional commitment for a direct loan of up to $670.6 million to Aspen Aerogels Georgia LLC to manufacture thermal barriers used as a protective layer within electric vehicle batteries. The loan would support the development of a manufacturing site in Georgia to produce Aspen’s PyroThin® aerogel…...