StartupsTechCrunchabout 2 hours ago
Pentagon approves $250M loan for 6K battery plant
1 min read
The Pentagon offers a $250 million loan to battery startup 6K to build a factory in Tennessee. This conditional approval follows the cancellation of a $50 million grant from the Department of Energy in 2023. The plant will use a microwave-powered process to produce battery materials independent of Chinese suppliers.
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