US Department of Energy Grants $1.2 Billion Loan to ENTEK for Indiana Battery Separator Plant
The US Department of Energy has announced a conditional $1.2 billion loan to ENTEK Lithium Separators, aimed at financing a new facility in Terre Haute, Indiana. This plant will produce lithium-ion battery separators, essential components for electric vehicles (EVs).
According to ENTEK, the project will support the production of battery separators for approximately 1.9 million mid-size EVs or 1.3 million electric SUVs. The facility is expected to create over 760 construction jobs and 635 operational jobs.
The loan, pending finalization, will be provided through the Advanced Technology Vehicles Manufacturing Loan Program, which has $40 billion in direct lending authority. This initiative underscores the US government's commitment to advancing EV technology and supporting the domestic EV supply chain.
