Battery-Part Maker Entek Agrees to Sell Majority Stake to I Squared
PositiveTechnology

Entek, a battery-part manufacturer, has made headlines by agreeing to sell a majority stake to I Squared. This move comes on the heels of Entek securing a substantial $1.3 billion loan from the U.S. Energy Department to establish a new facility in Indiana. This investment not only highlights the growing importance of battery production in the U.S. but also positions Entek as a key player in the energy sector, potentially leading to job creation and technological advancements.
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