Photo Credit:Fair Use [17 U.S.C. § 107]

A Louisiana Graphite Processing Plant That Supplies Tesla to Get a $107M DOE Loan

20 Apr 2022 | Abstracted from Electrek

"The US Department of Energy’s (DOE) Loan Programs Office has announced a conditional commitment to lend up to $107 million to Syrah Technologies for its Syrah Vidalia Facility in Vidalia, Louisiana. The facility produces a finished natural graphite-based active anode material (AAM), a critical material used in lithium-ion batteries.

"The Syrah Vidalia Facility will use the money to expand its existing 50,000-square-foot facility by 180,000 square feet. It's expected to produce enough AAM for approximately 2.5 million EVs by 2040."

ADDITIONAL RELATED NEWS LINKS

• DOE Report Reveals Striking Price Drop For Critical EV Component: 'Now Almost As Cheap As Gas-Powered Cars'


• Jigar Shah's Sector Spotlight – Advanced Vehicle Components


• Study: EV, Plug-in Hybrid Battery Replacements Rare


• US's Power Grid Continues To Lower Emissions - Everything Else, Not So Much


• How An Obscure Energy Calculation Could Dramatically Speed Up America's EV Future


• How Owning a House Can Make Your EV Cheaper


• U.S. Department of Energy Announces $131 Million to Boost America’s Battery Supply Chain & Supercharge Electric Vehicle Innovation


• 'Green' Hydrogen Debate Heats Up Ahead Of Tax-Credit Decision


• 7 Lessons From The First Year of Biden's Climate Law


• DoE: Correcting The Record About Electric Vehicle Sales