Biden administration awards $2 billion loan to EV battery recycling company as US plays catch-up: report

awarded a $2 billion green energy loan to a Nevada company that recycles electric vehicle batteries, according to reports.Tesla former chief technology officer

Jennifer Granholm, the energy secretary, made the announcement in Nevada at Redwood’s facility, along with Gov. Joe Lombardo."This region is leading the way to a broader story of what is happening in the country," the energy secretary said. One of the major goals of the Biden administration is for the U.S. to establish an electric vehicle supply chain of its own and getting battery recycling operations in place are expected to help move the president toward an even bigger goal of moving away from gas-powered vehicles to counter climate change. The United States would also need to substantially increase lithium mining. The US is currently home to just one lithium mine operation, in Nevada.

How nice now let him award $2Mil to gas powered vehicles; and to road design; and to Power to the People to make their needs know to POLS. Oh not his money then leave the allotting to US.

I thought the Government had to go through a process for contracts? But just handing out money to a particular business of their choosing? The potential for insider trading is strong. Pick business- Invest in business- award taxpayer dollars- stock goes up- get rich!

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Redwood Wins $2 Billion Federal Loan To Scale Up Production Of Battery Materials For Electric CarsCreated by Tesla cofounder JB Straubel, the company is moving fast to manufacture anode and cathode materials for batteries used by electric vehicles, which currently are sourced mainly from China, South Korea and Japan. Not green not green at all way to un green n still no facility to dispose of all those thousands upon thousands of dead batteries !
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