{"id":246576,"date":"2024-02-23T22:56:03","date_gmt":"2024-02-23T22:56:03","guid":{"rendered":"https:\/\/news.republicofgreen.com\/u-s-department-of-energy-to-provide-nearly-710-million-in-loans-for-expansion-of-ev-tech\/"},"modified":"2024-02-23T23:00:22","modified_gmt":"2024-02-23T23:00:22","slug":"u-s-department-of-energy-to-provide-nearly-710-million-in-loans-for-expansion-of-ev-tech","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/u-s-department-of-energy-to-provide-nearly-710-million-in-loans-for-expansion-of-ev-tech\/","title":{"rendered":"U.S. Department of Energy to Provide Nearly $710 Million in Loans for Expansion of EV Tech"},"content":{"rendered":"<div>\n<p> President Joe Biden takes a tour of the SK Siltron CSS facility in Bay City, Michigan with CEO Jianwei Dong on Nov. 29, 2022. SK Group \/ YouTube screenshot <\/p>\n<div class=\"article__trust \"> <noscript><img decoding=\"async\" src=\"https:\/\/www.ecowatch.com\/wp-content\/themes\/ecowatch\/assets\/img\/dist\/who-we-are-wrapper-6.webp\" class=\"article__trust-img\" alt=\"\"\/><\/noscript>  Why you can trust us  <\/p>\n<div class=\"article__trust-tooltip\">\n<p>Founded in 2005 as an Ohio-based environmental newspaper, EcoWatch is a digital platform dedicated to publishing quality, science-based content on environmental issues, causes, and solutions.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>The United States Department of Energy (DOE)\u2019s 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.<\/p>\n<p>It is anticipated that the conditional commitment to expand production of the essential EV components will create as many as 200 jobs in Bay City, Michigan, during the first phase and up to 200 operations jobs once full production is&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.ecowatch.com\/doe-loans-electric-vehicles-batteries-tech.html\"target=\"_blank\">Read the full article originally published at www.ecowatch.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden takes a tour of the SK Siltron CSS facility in Bay City, Michigan with CEO Jianwei Dong on Nov. 29, 2022. SK Group \/ YouTube screenshot Why you can trust us Founded in 2005 as an Ohio-based environmental newspaper, EcoWatch is a digital platform dedicated to publishing quality, science-based content on environmental [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":246577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Department of Energy to Provide Nearly $710 Million in Loans for Expansion of EV Tech - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecowatch.com\/doe-loans-electric-vehicles-batteries-tech.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Department of Energy to Provide Nearly $710 Million in Loans for Expansion of EV Tech\" \/>\n<meta property=\"og:description\" content=\"President Joe Biden takes a tour of the SK Siltron CSS facility in Bay City, Michigan with CEO Jianwei Dong on Nov. 29, 2022. 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