DoD approves conditional $250 million loan for 6K Tennessee factory
Business
6K just won conditional approval for a $250 million loan from the Department of Defense.
The cash will help 6K build a new factory in Tennessee, aiming to boost U.S.-made battery materials and rely less on imports.
The plant will use 6K's unique microwave technology to make key parts for batteries.
Company 6K plasma process speeds LFP
6K's process turns metals into plasma with microwaves, making it easier and faster to produce materials like lithium iron phosphate (LFP), used in batteries.
Their Tennessee factory plans hit a snag when a $50 million Energy Department grant was pulled, delaying things.
Now, with Pentagon support, 6K is back on track and helping strengthen the country's battery supply chain at home.