US Department of Energy commits $7.54 billion loan for EV production in Kokomo
Though not yet finalized, the $7.54 billion loan from the department's Loan Programs Office to StarPlus Energy is the third largest by the office.
U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant
DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.
US commits to $7.54B loan for Stellantis venture to build 2 EV battery plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.
Stellantis, partner get loan commitment from feds for EV battery plants
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the plants and hundreds more at a supplier park nearby.
U.S. commits to $7.5B loan for Stellantis venture to build 2 EV battery plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Ind.
Federal loan would finance EV battery plants in Kokomo
A federal loan is expected to help finance two new manufacturing plants in Kokomo, both of which will help expand the United States’ electric vehicles industry.
The Department of Energy Misspent Nearly $1 Billion in 2024
While $1 billion is a drop in the wasteful spending bucket, fiscal irresponsibility of all sizes must be eradicated.
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Voters in the recent election have sent a clear message to remove policy roadblocks to greater fossil energy production, ...
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Townhall16hOpinion
Chris Wright’s Appointment as Secretary of Energy Exposes Media Ignorance
The nomination of Chris Wright, CEO of Liberty Energy, to serve as Secretary of Energy has ignited a predictable firestorm of ...