Normally I would post this on the off topic forum, but a since the board has been noticeably quiet lately I'll post this here. 

AXP

https://www.axios.com/2023/02/09/redwood-materials-ev-battery-loan

Redwood Materials has received a $2 billion U.S. Department of Energy loan to begin domestic production of critical battery components for electric vehicles (EVs). 

Why it matters: The loan is another lever, in addition to lucrative tax credits for battery manufacturers, that the Biden administration is pulling to jump-start a U.S. supply chain for EVs.

Details: Redwood intends to make lithium-ion battery anodes and cathodes — which make up nearly 80% of the cells' cost — at new plants in Nevada and Kansas.

• Despite huge recent investments in U.S. battery production, those critical components are still made almost entirely in China. 
• Redwood say the new plants will create 3,400 construction jobs and 1,600 full-time employees.
• The plants will eventually produce enough materials to power 1 million EVs, Redwood says. 

Of note: Redwood CEO J.B. Straubel was a co-founder of Tesla, which benefited from the same DOE loan program in its early years.