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Pentagon offers battery startup 6K $250M loan to build U.S. factory

CN
CitrixNews Staff
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Pentagon offers battery startup 6K $250M loan to build U.S. factory

Batteries are everywhere, even on the battlefield, which helps explain the Pentagon’s recent interest in building more domestic manufacturing capacity.

The 12-year-old, North Andover, Mass.-based startup 6K announced Thursday that it won conditional approval for a $250 million loan from the Department of Defense to build a factory in Tennessee. The plant will use a unique microwave-powered process to produce battery materials that don’t rely on Chinese suppliers.

Originally reported by TechCrunch. Read the full story at the original source.