NewQ1 2026 Clean Energy Deal Intelligence Report is live
FinancingClosedDecember 12, 2022

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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