The U.S. Department of Energy announced a $362 million loan to CelLink Corporation to support the construction of a manufacturing facility in Texas that will produce components essential to electric vehicle assembly. This facility is expected to create over 1,300 jobs and will play a key role in supporting President Biden’s efforts to build a clean transportation future. The facility will produce flexible circuit wiring harnesses that are lighter, more efficient, and cost-effective compared to traditional wiring harnesses, ultimately supporting the manufacturing of approximately 2.7 million EVs per year.
CelLink’s flex harnesses are designed to be lighter, smaller, and quicker to produce than conventional alternatives, making them a key component in advancing the efficiency and cost-effectiveness of electric vehicles. The company has already produced wiring harnesses for over a million vehicles and is now expanding its production capacity by building a new facility in Texas. Once operational, this facility will be able to operate up to 25 manufacturing lines, meeting the increasing demand for these components in the EV market.
As part of President Biden’s commitment to building an equitable and inclusive clean energy future, borrowers like CelLink are expected to develop Community Benefits Plans that engage the local community and ensure that the benefits of clean energy investments flow to disadvantaged communities. By supporting domestic manufacturing of EV components, this loan aligns with Biden’s goal of onshoring critical technologies to strengthen the nation’s clean energy economy and create good-paying jobs.
CelLink’s technology has applications beyond the EV market, with potential uses in industries such as aviation, aerospace, consumer electronics, and appliances. The company originally developed the flex harness for solar panels, demonstrating the versatility and demand for their innovative solutions. The loan provided by the DOE supports President Biden’s agenda to boost domestic manufacturing of clean energy technologies essential for a sustainable transportation future.
The DOE’s Loan Programs Office plays a crucial role in facilitating investments in critical technologies that support the transition to a clean energy economy. By providing loans to projects like CelLink’s new manufacturing facility, the DOE is helping to strengthen the domestic supply chain for EV manufacturing and advance the Biden-Harris Administration’s goal of having half of all new vehicles sold in 2030 be zero-emissions vehicles. The continuation of these investments will drive innovation, job creation, and economic growth in the clean energy sector.
Overall, the loan to CelLink Corporation represents a significant step towards achieving the Biden Administration’s vision of a clean transportation future. By supporting the domestic manufacturing of key electric vehicle components, this initiative not only creates jobs and economic growth but also contributes to the transition towards more sustainable transportation options. As the demand for electric vehicles continues to grow, investments in manufacturing technologies like those developed by CelLink will play a crucial role in accelerating the adoption of clean transportation solutions.
