DOE gives conditional loan commitment for $850M to KORE Power for battery plant in Arizona; NMC and LFP
Green Car Congress
JUNE 10, 2023
The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.