LPO Announces Conditional Commitment to ENTEK Lithium Separators to Build Indiana EV Battery Separator Manufacturing Plant
announced a conditional commitment of up to $1.2 billion for a direct loan to ENTEK Lithium Separators LLC . If finalized, the loan will substantially finance a new facility in Terre Haute, Indiana to manufacture lithium-ion battery separators. The separators will be used primarily in electric vehicles —strengthening the U.S. lithium-ion battery cells supply chain and enabling the creation of batteries used in advanced technology vehicles.
A battery separator is a membrane sandwiched between the anode and cathode of a battery. The principal functions of the battery separator are to prevent electronic conduction between the anode and cathode while permitting ionic conduction via the electrolyte. Separators play an essential role in the performance and safety of lithium-ion batteries.
The project will make a significant contribution to growth in domestic battery separator capacity and help U.S. EV manufacturers satisfy battery component sourcing requirements under the 30D Clean Vehicle Credit. The tax credit, included in the President’s Inflation Reduction Act, offers up to $7,500 for the purchase of new clean vehicles.
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