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DOE offers conditional commitment for $107M loan to Syrah graphite-based anode material project

The Department of Energy’s (DOE’s) Loan Programs Office (LPO) has offered a conditional commitment for a US$107-million loan to Syrah Technologies to fund the expansion of its Vidalia graphite-based active anode material (AAM) facility in Louisiana to 11.25 ktpa AAM production capacity. (Earlier post.) With this newly expanded production capacity,.

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DOE $107MM loan to Louisiana graphite processing plant that supplies Tesla

Syrah Vidalia will also help grow Louisiana’s auto manufacturing industry by creating approximately 150 construction jobs and 98 good-paying, highly skilled operations jobs within the clean energy sector.

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Department Of Energy Approves $107M Loan To Tesla Graphite Supplier

Syrah Technologies plans to produce enough natural graphite-based active anode material in Louisiana for approximately 2.5 million electric vehicles by 2040.

United statesTechnology vehicles manufacturing loan programAustralia syrah resources ltdSyrah technologiesBiden administrationLoan programs officeUs department of energySyrah resources ltdPrograms officeSyrah technologieSyrah vidalia facilityPresident bidenDefense production act

Louisiana electric vehicle battery project in line for $107M federal loan

Louisiana electric vehicle battery project in line for $107M federal loan
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