DOE LPO gives conditional $9.2B commitment to BlueOval SK for 3 battery plants for Ford EVs

By mmillikin The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan of up to $9.2 billion to BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. (Earlier post.)

Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. The project is expected to create a total of approximately 5,000 constructions jobs in Tennessee and Kentucky, and 7,500 operations jobs once the plants are up and running.


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