A $4 billion Panasonic electric vehicle battery factory in De Soto, Kansas, will help satisfy the Biden administration’s efforts to get everyone into an EV.
It also will help extend the life of a coal-fired power plant.
Resource Adequacy
Panasonic broke ground on the facility last year. The Japanese company was slated to receive $6.8 billion from the Inflation Reduction Act, which has been pouring billions into electric vehicles and battery factories as part of its effort to transition America away from fossil fuels.
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https://cowboystatedaily.com/2023/09/22/ev-battery-factory-will-require-so-much-energy-it-needs-a-coal-plant-to-power-it/