BlueOval SK

Image

PROJECT SUMMARY 

In December 2024, the Department of Energy announced the closing of a $9.63 billion direct loan BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles (EVs). 

ECONOMIC IMPACT 

The three facilities created more than 5,000 construction jobs as the plants were being built and will create up to 7,500 BOSK operations jobs. 

CLIMATE BENEFIT 

Together, the plants will manufacture batteries to enable more than 120 gigawatt hours of U.S. battery production annually, displacing over 455 million gallons of gasoline per year for the lifetime of the vehicles. 

COMMUNITY BENEFIT  

Through Ford’s workforce development team, BOSK is partnering with the Tennessee and Kentucky state governments to develop curricula that supports new technical schools in Kentucky and Tennessee to train members of the community for quality jobs at those facilities. To ensure the availability of skilled union labor for construction, BOSK is managing the projects under addendums to the National Maintenance Agreement. BOSK is partnering with the Tennessee and Kentucky state governments to create new community college campuses that will serve technical schools and train community members for operations jobs at the facilities. BOSK is committed to building a diverse contractor and supplier network through outreach events, partnerships with relevant government offices, and connections with certification organizations. 

PROJECT STATISTICS: BLUEOVAL 

 * Last Updated December 2024. Approximate amount of the loan approved at closing including principal and any capitalized interest. 

** Estimated at the time of closing