6K secures conditional $250M Pentagon loan for Tennessee battery plant
6K, a 12-year-old startup based in North Andover, Massachusetts, said Thursday it received conditional approval for a $250 million Department of Defense loan to build a battery materials factory in Tennessee. The plant will use the company's microwave-based plasma process to produce cathode material without relying on Chinese suppliers. 6K had previously secured a $50 million Energy Department grant in 2023 that the Trump administration later canceled, pushing back the factory's original 2024 opening target.
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The loan signals growing Pentagon involvement in battery supply chains, reflecting concern that both defense systems and the broader economy depend on materials currently dominated by Chinese manufacturers. The switch from a canceled Energy Department grant to a Defense Department loan suggests shifting federal funding mechanisms for clean-energy and critical-materials projects under the current administration. 6K's novel microwave process, if proven at commercial scale, could offer a domestic alternative for producing cathode materials across multiple battery chemistries, including LFP.
- 6K won conditional approval for a $250 million DoD loan to build a Tennessee battery materials factory.
- A prior $50 million DOE grant from 2023 was canceled by the Trump administration, delaying the project's original 2024 timeline.
- 6K's microwave-based plasma process aims to produce cathode material domestically, reducing reliance on Chinese suppliers.
Source: techcrunch.com — Tim De Chant, 2026-11-06
Published there as: “Pentagon offers battery startup 6K $250M loan to build U.S. factory”
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