Rivian to Receive $6.6B Conditional Loan from US DOE
Tomorrow's Technician
DECEMBER 3, 2024
Phase 1 of the project is expected to start production in 2028. While this conditional commitment indicates DOE’s intent to finance the project, DOE and the company must satisfy certain technical, legal, environmental, and financial conditions before the Department of Energy enters into definitive financing documents and funds the loan.
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