U.S. government will loan Oregon battery company $1.2 billion for Indiana factory

Entek Indiana

A rendering of Entek's planned factory in Terre Haute, Indiana. The Oregon company expects to empoy about 640 there when the plant opens in 2027.Entek rendering

The U.S. Department of Energy said Tuesday it plans to loan Oregon-based Entek up to $1.2 billion to help finance a new factory in Indiana for lithium-ion battery separators.

The Biden administration has been working to boost the domestic supply chain for electric vehicles. It said the Indiana plant, in Terre Haute, would make a membrane that sits between a battery’s anode and cathode.

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.