Peak Energy closed a $108 million Series B led by General Motors Ventures, saying the new capital will help scale domestic manufacturing and fulfill more than $1 billion in commercial agreements as its 4 GWh Sacramento sodium-ion storage factory moves toward production.
USDA Rural Development awarded a combined $408,410 to Very Good Meat Company and Bluebird Locker for processing and packaging equipment intended to expand regional meat capacity, including a projected packaging-capacity increase of up to 40% at Bluebird Locker.
The Department of War's Office of Strategic Capital announced a conditional $75 million loan commitment to Halo Industries to expand silicon-carbide wafer manufacturing in Santa Clara, California, for power-electronics and defense supply chains.
The Department of War's Office of Strategic Capital provided 6K with a conditional loan commitment of up to $250 million to support construction and development of its PlusCAM cathode-material production facility in Jackson, Tennessee.
The New Jersey Economic Development Authority announced approval of a $60.56 million, five-year tax-credit award supporting Amneal Pharmaceuticals' planned expansion of eight Piscataway buildings into an integrated manufacturing campus. Amneal plans more than $240 million in eligible capital investment over three years and expects the project to create more than 330 full-time jobs while expanding capacity for transdermal patches, biosimilars, and pharmaceutical injectables.