Redwood secures $2 billion DOE loan to manufacture battery materials in U.S.
The new battery materials gigafactory in Nevada will produce materials to support the manufacture of 1 million electric vehicles annually. February 10, 2023 Redwood Materials received a conditional loan commitment of $2 billion from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) for the construction and expansion of a battery materials campus in McCarran, Nevada. …
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