Hyperdrive
US Offers Battery Company $671 Million For Georgia Plant
- Loan would fund new factory for key battery component
- Biden is pushing to create entire US battery supply chain
This article is for subscribers only.
The Biden administration is poised to loan nearly $671 million to Aspen Aerogels Inc. to make a key component of electric car batteries in the election battleground state of Georgia.
Aspen Aerogel shares surged as much as 20% in New York.