The Trump administration is moving forward with a loan of up to $1.3 billion to a lithium-ion battery parts manufacturer following a review of Biden-era spending programs.
The Energy Department said Wednesday it will provide an initial installment of $77 million to Entek Lithium Separators LLC to fund a new manufacturing facility west of Indianapolis. The plant will produce lithium-ion battery separators that can be used in electric vehicles and other industries.
The loan, finalized by the Biden administration in November 2024, was among $400 billion in green bank deals halted by the Trump administration as part of its review ...
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