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Aspen Aerogels gets USD 671 million DOE loan for battery materials plant in Georgia

Oct 19, 2024

On October 16, the U.S. Department of Energy (DOE) announced a loan of nearly USD 671 million to Aspen Aerogels Inc. to fund construction of a new manufacturing plant producing thermal barriers that help prevent battery fires.
While such events are rare, the cells within lithium-ion batteries can overheat and cause ....

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