WASHINGTON — The US Division of Power stated on Wednesday that he had closed a $102.1 million mortgage to Syrah Applied sciences LLC SYR.AX for the enlargement of a facility in Louisiana that produces graphite-based energetic anode materials, a key part for lithium-ion batteries for electrical autos.

That is the primary Superior Expertise Automobile Manufacturing (ATVM) Mortgage Program mortgage accomplished since 2011, and the primary ATVM mortgage solely for an automotive provide chain manufacturing challenge.