Loan Programs Office

Strengthening USA’s Domestic Lithium-ion Battery Manufacturing Base & Supply Ecosystem

LPO Announces Conditional Commitment to ABS to Strengthen America’s Domestic Lithium-ion Battery Manufacturing Base and Supply Ecosystem The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment to American Battery Solutions (ABS) for a $165.9 million loan to help finance the expansion of an advanced battery pack assembly facility to … [continued]

BlueOval City, Ford's electric vehicle and battery manufacturing campus in West Tennessee, begins production in 2025, and will be home to Ford’s second-generation electric truck, codenamed Project T3, and will be capable of producing 500,000 EV trucks a year at full production. Site shown as of March 10, 2023. Photo courtesy of Ford.

Ford Qualifies For $9.2 Billion DOE Loan To Build 3 US Battery Factories

Ford and SK On have received a conditional loan approval from the DOE Loan Program Office in the amount of $9.2 billion.