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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6 Materials Separation & Processing (Cathode Minerals).

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

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million loan to Australia-based Syrah Technologies LLC for the expansion of its Syrah Vidalia Facility in Louisiana—a processing facility that produces graphite-based active anode material (AAM), a critical material used in lithium-ion batteries for electric vehicles (EVs) and other clean energy technologies. Earlier post.).

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Syrah Resources signs binding offtake agreement with Tesla for natural graphite active anode material

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Australia-based Syrah Resources Limited signed a binding offtake agreement with Tesla to supply natural graphite Active Anode Material (AAM) from its vertically integrated AAM production facility in Vidalia, Louisiana. Vidalia battery anode material project site.

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Element 25 secures US site for EV battery materials plant – Charged EVs

Baua Electric

Element 25 (E25) has agreed with Veolia North America to secure a site for its planned high-purity manganese sulphate monohydrate (HPMSM) refinery in Louisiana. The plant will have the capacity to produce 135,000 tons of HPMSM annually for US EV battery manufacturing, in partnership with automakers GM and Stellantis.

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The US’s largest solar panel maker opens a 3.3 GW factory in India

Baua Electric

The US International Development Finance Corporation (DFC) provided $500 million of the $700 million in financing for First Solar’s India factory. This $500 million in financing reflects the increasing strength of our partnership with India – DFC’s largest market and a like-minded partner with a dynamic private sector.

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KORE will get conditional OK for $850M U.S. mortgage for EV battery plant

Baua Electric

Conventional carmakers like Ford and Nissan have additionally borrowed from the federal program to finance the build-out of amenities generating fuel-efficient automobiles. KORE is onshoring battery production generation from Chinese language battery maker DFD to the brandnew Arizona facility, the power segment respectable mentioned.