BlueOval SK EV battery manufacturing — 120+ GWh/yr battery production capacity across 3 plants (BlueOval City TN + 2 Glendale KY plants)
DOE direct loan to BlueOval SK (Ford + SK On JV) — among the largest DOE clean energy loans in history. Funds construction of 3 lithium-ion battery cell plants: BlueOval City Tennessee + 2 Glendale Kentucky facilities. 120+ GWh/yr aggregate capacity. Critical to US EV battery supply chain.
$9.63B
Deal Value
Other
Technology
KY, TN
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- BlueOval SK (Ford + SK On JV)
- Buyer / Financier
- U.S. Department of Energy (ATVM Program)
- Deal Value
- $9.63B
- Stage
- Construction
- ISO/RTO
- Multiple
- Source
- U.S. DOE
Finance Counterparties
Lenders & Capital Providers
- loanGuarantor
- U.S. Department of Energy (ATVM)
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