DOE Announces $1.2 Billion Loan For U.S.-Based EV Battery Separator Manufacturing Plant

URLhttps://www.energy.gov/lpo/articles/doe-announces-
Sourceenergy.gov
Date Published11/22/2024

Additional Reshoring Information:

Company/Division name ENTEK Lithium Separators LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):635
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):1200
City reshored to:Terre Haute
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion battery separators for EVs
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Skilled workforce availability/training
Government Incentive dollar amount:$1.2 billion loan
Find Reshoring Articles