DOE Announces $6.57 Billion Loan to Rivian to Support the …

Jan 16, 2025  · , the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $6.57 billion loan ($5.975 billion of principal and $592 million of capitalized …


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DOE Announces $6.57 Billion Loan To Rivian To Support The …

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Jan 16, 2025  · , the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $6.57 billion loan ($5.975 billion of principal and $592 million of capitalized …

energy.gov

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Project Horizon - Department Of Energy

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In January 2025, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $6.57 billion loan (consisting of $5.975 billion of principal and $592 million of …

energy.gov

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Rivian $6.57 Billion Federal Loan Funding Approved For Georgia ...

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Electric vehicle manufacturer Rivian was approved for a $6.5 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle.

msn.com

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Biden Finalizes Major Loan To EV-maker Rivian Days Before Trump’s ...

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Jan 16, 2025  · The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will …

thehill.com

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Rivian To Receive $6.57 Billion LPO Loan For EV Facility In Georgia

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Nov 27, 2024  · All going well, the project is estimated to create and support around 2,000 construction jobs, and another 7,500 in operations by 2030. LPO Conditional Commitment to …

thomasnet.com

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Georgia Rivian Plant To Resume Construction

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Jan 22, 2025  · The Department of Energy announced last week that it has closed a $6.57 billion loan to electric vehicle manufacturer Rivian for an electric vehicle plant that previously had …

constructiondive.com

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Rivian Awarded $6.6 Billion DOE Loan To Build EV Facility In Georgia …

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The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project …

msn.com

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Rivian And U.S. Department Of Energy Finalize Loan Agreement To …

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Jan 16, 2025  · Rivian today announced it has closed its loan agreement with the U.S. Department of Energy’ s Loan Programs Office for up to $6.6 billion in financial support for the construction …

nasdaq.com

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Rivian Lands Conditional $6.6B Loan From The Department Of Energy

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Nov 27, 2024  · Rivian Automotive has received a conditional $6.6 billion loan commitment from the Department of Energy, which will aid the company to get its stalled electric vehicle factory …

utilitydive.com

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Nearly $6 Billion Federal Loan Will Help Rivian Restart Construction …

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Nov 30, 2024  · A nearly $6 billion federal loan will help electric-vehicle manufacturer Rivian restart construction of a $5 billion vehicle and battery plant near Covington.

usatoday.com

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Rivian Gets Strings-Attached OK For $6.6B DOE Loan

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Nov 26, 2024  · Rivian Automotive has received conditional approval for a nearly $7 billion loan from the U.S. Department of Energy. The money will be used to start construction on its …

industryweek.com

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DOE Finalizes $9.8B In Financing For Rivian, Plug… | Canary Media

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Jan 17, 2025  · Late Thursday evening, the Department of Energy’s Loan Programs Office (LPO) announced the completion of its agreement to provide electric-vehicle manufacturer Rivian a …

canarymedia.com

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Rivian And Plug Power Close Government Loan Deals Just Before …

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Jan 17, 2025  · Plug Power also announced late Thursday that it closed a $1.66 billion loan guarantee from the DOE that will help finance the construction of multiple plants throughout …

morningstar.com

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Rivian Might Have Paid A Huge Price For Its $6 Billion DoE Loan

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Dec 26, 2024  · Rivian Automotive may end up paying a huge price for its $6 billion loan from the U.S. Department of Energy. As per recent reports, Rivian appears to have agreed to terms …

teslarati.com

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Rivian And DOE Finalize $6.6B Loan

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Jan 16, 2025  · Press Release From Rivian: Irvine, Calif. JANUARY 16, 2025 — Rivian today announced it has closed its loan agreement with the U.S. Department of Energy’s (DOE) Loan …

rivianownersforum.com

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Rivian's Potential $6.6 Billion DoE Loan Catches Eye Of Musk …

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Dec 2, 2024  · The Biden administration recently approved a $6.6 billion loan to Rivian, aiming to bolster the production at the company's future factory in Georgia. The Georgia factory is …

rivianist.com

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Deal Digest: LPO’s Latest Conditional Commitments Help Keep …

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On January 16, 2025, LPO announced eight conditional commitments through its Title 17 Energy Infrastructure Reinvestment (EIR) program, comprising $22.92 billion to utilities serving more …

energy.gov

FAQs about DOE Announces $6.57 Billion Loan to Rivian to Support the … Coupon?

Why did Rivian get a federal loan?

Electric vehicle manufacturer Rivian was approved for a $6.57 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle. Channel 2 Action News reported in November 2024 when the U.S. Department of Energy announced a conditional loan agreement with the company. ...

Will Rivian get a loan for Project Horizon?

The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing facility in Stanton Springs North, Georgia. ...

Will a $6 billion federal loan help Rivian reopen a battery plant?

A nearly $6 billion federal loan will help electric-vehicle manufacturer Rivian restart construction of a $5 billion vehicle and battery plant near Covington, U.S. Sen. Jon Ossoff, D-Ga., announced Tuesday. The project was expected to create 7,500 jobs when it was announced in late 2021. ...

Will Biden finance electric vehicle maker Rivian?

The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will finance an electric vehicle plant in Georgia where the company, which currently specializes in luxury vehicles, will make SUVs and crossover vehicles. ...

How much will Rivian loan cost?

Rivian’s loan will be split into two phases. The first is expected to include a loan of up to $3.4 billion, with the remaining $2.6 billion coming in the second phase. CEO RJ Scaringe said, “This loan will help us accelerate the launch of our Georgia plant for R2 and R3, providing thousands of jobs in the state.” ...

Does Biden have a loan to Rivian?

This material may not be published, broadcast, rewritten, or redistributed. The Biden administration has finalized a massive loan to electric-vehicle maker Rivian just days before the Trump administration is taking office. ...

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