Nathaniel Horadam’s Post

Exciting news for the U.S. battery supply chain! 🔋 The Biden administration has offered a conditional $1.2 billion loan to Entek Lithium Separators to support the financing of a $1.5 billion lithium-ion battery separator factory in Terre Haute, Indiana. This is a significant step in boosting U.S. electric vehicle (EV) and battery production. Since the IRA, investments in the EV and battery sector have surged, with Entek aiming to expand its production capacity to meet the growing demand. This initiative is part of the broader strategy to strengthen domestic battery material and component production, reduce reliance on foreign supply chains, and enhance U.S. economic competitiveness and job growth. The Department of Energy’s Loan Programs Office has been instrumental in backing various projects within the EV supply chain, further solidifying the U.S. position in the clean energy sector.

U.S. DOE Intends to Loan Star Plus Energy (Stellantis + Samsung) $7.5 Billion https://lnkd.in/gpGMYhXe auto connected car newsThe U.S. Department of Energy (DOE) announced a conditional commitment of up to $7.54 billion to StarPlus Energy LLC, marking a significant investment in domestic electric vehicle (EV) battery production. The loan, part of the Biden administration’s “Investing in America” initiative, will support the construction of two lithium-ion battery manufacturing plants in Kokomo, Indiana. StarPlus Energy is a joint venture between Stellantis, the parent company of brands like Jeep and Chrysler, and Samsung SDI. Once operational, the facilities are expected to produce 67 gigawatt-hours (GWh) of battery capacity annually—enough to power approximately 670,000 EVs each year. This output aims to

Another major Biden Administration investment in America's #battery #supplychain, with today's announcement of a $1.2B conditional commitment to Entek for lithium-ion battery separator #manufacturing. Separators represent another critical battery component in which China has built a stranglehold, accounting for more than 80% of global production. This investment will onshore production to build American supply chain resilience, all while enabling OEMs to qualify more vehicles for the 30D EV tax credit. #automotive #mobility #lithiumion #cleanenergy https://lnkd.in/eVxVar4T

USA production... Terre Haute, IN, to manufacture lithium-ion battery separators to be used primarily in electric vehicles (EVs). USA supply chain project supports the Biden-Harris administration’s efforts to expand and secure reliable, environmentally sustainable clean energy domestic supply chains. This is key to reaching the country’s ambitious climate goals while reducing reliance on economic competitors like China, said the news release. DOE estimates that by 2030 the North American lithium-ion EV battery industry will require annual separator production of 7 to 10 billion square meters. Supporting production of up to 1.9 million mid-size EVs. Once complete, the facility is expected to have the capacity to manufacture 1.72 billion square meters of separator material annually for the North American EV market. Based on the LPO technical team’s analysis, the number of EVs supported by this project depends upon the battery form factor — cylindrical, pouch, or prismatic — used for various battery chemistries. Each GWh of cell manufacturing requires 7 to 10 million square meters of battery separators, depending on the battery form factor. Based on current form factors chosen by cell manufacturers, the project will support roughly 1.9 million mid-size EVs or 1.3 million eSUVs. https://lnkd.in/ghYyJj6k

The whole idea of Electric Vehicles needs to be rethought. If charging stations are not run off of a renewable energy grid we lose. #northvolt was created by two former #tesla executives which calls into question the big #EV headline grabbing story. We are in a climate crisis and the #EV grid in the United States is run off #coal and #naturalgas. We need more windenergy #biomass. 6,500 jobs lost? What a waste. wake up and see the big picture.

GM's $330M delay in Nevada's Thacker Pass lithium project highlights market adaptability challenges. The delay impacts EV battery production and might affect lithium pricing. GM is adjusting to market and contract shifts, emphasizing flexibility in its EV strategy. #GeneralMotors, #ThackerPass, #LithiumMining, #ElectricVehicles, #Sustainability, #MarketTrends, #InvestmentStrategy, #AutomotiveIndustry, #BatteryProduction, #EnergyTransition

The US DOE's recent approval of a $1.2 billion loan to ENTEK International marks a monumental leap for the EV industry. This loan will facilitate the construction of a cutting-edge lithium-ion battery separator factory in Terre Haute, Indiana. ENTEK International’s new facility will produce 1.72 billion square meters of separator material annually, supporting the North American EV market. This initiative not only aligns with President Biden’s clean energy goals but also fulfills battery component sourcing requirements under the 30D Clean Vehicle Credit. Additionally, ENTEK’s partnership with KORE Power underscores the critical demand for high-quality battery components. The project will also generate significant economic benefits, creating 763 construction jobs and 635 operational jobs. This is a remarkable step towards securing America’s lithium supply chain. #EV #BatteryTech #GreenEnergy #ENTEK #USDOE #KOREPower #CleanEnergy #JobCreation #Lithium https://lnkd.in/gAYDkNrf

New developments in the EV sector could be impacting jobs and EV battery prices! The U.S. Energy Department has approved nearly $710 million in loans for EV technology manufacturing ventures, demonstrating a significant commitment to advancing clean energy projects. SK Siltron CSS is set to receive $544 million to expand its plant in Bay City, Michigan, which produces crucial components for EV drivetrains and electrical distribution systems. This expansion could create about 200 jobs in the construction and production sectors. Additionally, American Battery Solutions has received conditional approval for a $165.9 million loan to expand its EV battery pack assembly operations in Springboro, Ohio, and Lake Orion, Michigan, potentially employing up to 460 people. These investments underscore the importance of the EV sector in the transition to a sustainable future. Learn more about these developments and their impact on the EV industry: https://hubs.ly/Q02Cj-Yp0 . . . . #EVTechnology #Qmerit #TheFutureIsElectric

The US Department of Energy has committed $1.2 billion to fund a new EV battery separator factory in Indiana. This investment, made through the AVTM program, aims to boost domestic EV battery production. ENTEK, an Oregon-based company, will build the facility in Terre Haute. The plant will produce lithium-ion battery separators, a crucial component for EV batteries. Once operational, it can support the production of up to 1.9 million mid-size EVs annually. This project aligns with the Biden Administration's efforts to strengthen the local EV supply chain. Additionally, it will create over 1,300 jobs and help US automakers meet sourcing requirements under the Inflation Reduction Act. https://lnkd.in/ginyvca9 #Hongqi #EV #ElectricVehicles #EH7 #EHS7 #China #Europe #Luxury #AutoIndustry #Sustainability #GreenMobility #CleanEnergy #Innovation #GlobalExpansion #GoodwoodFestival #AutomotiveTech #FutureOfTransport #ZeroEmission

Solid Power, Inc., which develops all-#solidstate #battery #technology for EVs, recorded a #netloss of $65.55 million during #2023, a 586.3% year-over-year #increase from a net loss of $9.55 million. #quarterlyresults #financialresults https://lnkd.in/gJbN2QMZ