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EnerDel has applied for $480 million in federal loans to crank up battery production

Lithium ion battery maker EnerDel wants to tap into some of the $25 billion that Congress set aside to help fund advanced vehicle manufacturing in the 2007 energy bill. EnerDel has applied for low interest loans totaling $480 million to help fund the construction of manufacturing capacity for batteries. Automotive scale battery manufacturing is limited today, particularly in the US. Right now EnerDel is the only US company making automotive lithium batteries at facilities in Indianapolis and Noblesville, Indiana. The money would allow EnerDel ... Read more →

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