U.S. Department of Energy to Provide Nearly $710 Million in Loans for Expansion of EV Tech

EcoWatch
By Cristen Hemingway JaynesFeb 23, 2024, 5:56 pm291 pts
The United States Department of Energy (DOE)’s Loan Programs Office (LPO) has given preliminary approval for a loan of $544 million to SK Siltron CSS for the expansion of manufacturing silicon carbide (SiC) wafers for use in electric vehicles (EVs), a press release from LPO said. It is anticipated that the…

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