Ultium Cells 3 lithium-ion battery cell plants — Lordstown OH, Lansing MI, Spring Hill TN
Ultium Cells (GM + LGES JV) closes $2.5B DOE ATVM loan — first closed loan exclusively for battery cell manufacturing under ATVM. Supports 3 plants (Lordstown OH, Lansing MI, Spring Hill TN). 5,100 operations + 6,000 construction jobs. Conditional commitment July 2022.
$2.50B
Deal Value
Battery Storage
Technology
OH, MI, TN
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Ultium Cells LLC (GM + LG Energy Solution JV)
- Buyer / Financier
- U.S. Department of Energy (Loan Programs Office — ATVM)
- Deal Value
- $2.5B (DOE loan)
- Stage
- Construction
- ISO/RTO
- PJM, MISO, TVA
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