The Department of Energy is giving a $107 million conditional commitment loan to Syrah Technologies, the operator of a plant in Vidalia, Louisiana which produces natural graphite-based active anode material crucial for manufacturing batteries, reportsĀ Canary Media.

Unlike previous loans by the DOE meant to aid research and development, Syrah Technologies is using a well-tested way of refining the ore. The loan is expected to jumpstart production, increasing domestic supply.

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