• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Biden-Harris Admin To Shell Out Roughly $670 Million To EV Battery Part Maker In Key Battleground State

Biden-Harris Admin To Shell Out Roughly $670 Million To EV Battery Part Maker In Key Battleground State

October 16, 2024
JENNY BETH MARTIN: A Socialist Victory – And A Warning For America’s 249th Birthday

JENNY BETH MARTIN: A Socialist Victory – And A Warning For America’s 249th Birthday

July 4, 2025
Trump Says Friday Is Elon Musk’s ‘Last Day, but Not Really’

Musk Continues Push For America Party

July 4, 2025
Trump Signs ‘Big, Beautiful Bill’ Into Law

Trump Signs ‘Big, Beautiful Bill’ Into Law

July 4, 2025
Lee Greenwood on ‘God Bless the USA’ Legacy: ‘That’s Where Patriotism Starts’

Lee Greenwood on ‘God Bless the USA’ Legacy: ‘That’s Where Patriotism Starts’

July 4, 2025
Trump Seeking Military Costumes for Parade

Trump Lambasts Dems Who Voted Against ‘Big, Beautiful Bill’

July 4, 2025
WILL SELLERS: Misunderstanding The Road To Independence

WILL SELLERS: Misunderstanding The Road To Independence

July 4, 2025
Dems’ ‘Project 2029’ May Not Actually Bode Well For Party’s Future

Dems’ ‘Project 2029’ May Not Actually Bode Well For Party’s Future

July 4, 2025
BRILYN HOLLYHAND: Gen Z, It’s Time We Start Acting Like We Deserve The Freedom We Inherited

BRILYN HOLLYHAND: Gen Z, It’s Time We Start Acting Like We Deserve The Freedom We Inherited

July 4, 2025
Dem Eyes House Seat That Swung Nearly 20 Points To Trump

Dem Eyes House Seat That Swung Nearly 20 Points To Trump

July 4, 2025
Outfit Behind Slanted ‘Terrorism’ Studies Pleads For Private Donors After Trump Funding Cuts

Outfit Behind Slanted ‘Terrorism’ Studies Pleads For Private Donors After Trump Funding Cuts

July 4, 2025
Gas Crisis Looms Over California As Dems Continue To Impose Crippling Regs

Gas Crisis Looms Over California As Dems Continue To Impose Crippling Regs

July 4, 2025
Can Elon Musk Shatter America’s Two-Party System?

Can Elon Musk Shatter America’s Two-Party System?

July 4, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 5, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Biden-Harris Admin To Shell Out Roughly $670 Million To EV Battery Part Maker In Key Battleground State

by Daily Caller News Foundation
October 16, 2024 at 4:14 pm
in News, Wire
250 2
0
Biden-Harris Admin To Shell Out Roughly $670 Million To EV Battery Part Maker In Key Battleground State
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The Biden Energy Department greenlit a conditional $670.6 million loan to aid in the construction of a manufacturing facility for a key component used in electric vehicle (EV) batteries, according to a press release.

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) offered the loan to Aspen Aerogels, a company that makes insulating materials for EVs, according to the Wednesday press release. The loan, if it is finalized, will help fund the construction of a new aerogel blanket manufacturing facility in Register, Georgia.

The aerogel blankets are used as a protective barrier in EV batteries to prevent fires and improve battery safety, according to the release.

The loan from the DOE is part of an ongoing push from the Biden-Harris administration to increase domestic manufacturing jobs and EV production. The administration announced in September that it was granting more than $3 billion for EV battery projects.

The project is expected to create up to 255 full-time operations jobs and 550 construction jobs, according to the release. The company has contracts to provide thermal barriers to several automakers, and the new manufacturing facility is also expected to supply the aerogel barriers for over 2 million EVs annually, according to Bloomberg.

“We are making sure that the supply side is made here in this country,” Director of the Energy Department Loan Programs Office Jigar Shah said according to Bloomberg’s report. “We have taken very seriously the onshoring of the entire supply chain.”

Shah reached a conditional loan commitment in July of over a billion dollars with Entek, a green technology company that has connections to his old trade group. House Republicans previously threatened Shah with a subpoena in January as part of a probe into his office.

The Biden-Harris administration has pushed funding for EV charging stations in the hopes to meet its goal of placing 500,000 stations across the U.S. by 2030, but the initiative has seen slow progress.

The U.S. EV market has faced steep competition from China. China placed export restrictions on graphite, a material needed for manufacturing EV batteries, in October 2023.

Ford announced in September that it would offer free EV chargers and home installations in an attempt to attract consumers amid a struggling auto sales market. The resale value of used EVs has dropped amid a lack of consumer demand.

Georgia is considered a key swing state in this year’s presidential election. Former President Donald Trump is leading by 0.9 points at 48.7% against Vice President Kamala Harris’ 47.8%, according to polling averages by RealClearPolitics.

(Featured Image Media Credit: (Screen Capture/CSPAN)

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFenergyU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th