Rivian and Plug Power close government loan deals just before Trump takes office
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Rivian Automotive Inc. and Plug Power Inc. have secured government loans from the Biden administration to fund the construction of manufacturing plants in the U.S. This development comes just before the transition to the Trump administration.
January 17, 2025 | 2:30 pm
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Plug Power Inc. has closed a government loan deal to construct a manufacturing plant in the U.S., enhancing its position in the clean-energy market.
The loan will allow Plug Power to build a new manufacturing facility, which is expected to increase its production capacity and support its growth in the clean-energy sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian Automotive Inc. has secured a government loan to fund a new manufacturing plant in the U.S., supporting its growth in the clean-energy sector.
The government loan will enable Rivian to expand its manufacturing capabilities, likely leading to increased production and potential market share growth in the clean-energy vehicle sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80