Battery Startup Lyten Nears $650 Million in Ex-Im Bank Loans
- Money would help scale production of lithium-sulfur batteries
- Batteries made in California, Nevada to be used in Caribbean
Lyten batteries.
Source: LytenThis article is for subscribers only.
California startup Lyten said it has letters of interest for as much as $650 million in loans from the US Export-Import Bank to scale up lithium-sulfur battery production for customers in the Caribbean.
The batteries will be made in a factory near San Francisco that Lyten acquired last month from Northvolt AB, as well as a second, planned facility in Nevada. Lyten said it aims to finalize the loans by the end of January.