South Korea Emerges As Key Partner for America’s Energy Transition

By June Kim

On June 22, the U.S. The Department of Energy announced that it will grant a $9.2 billion loan to BlueOval SK LLC (BOSK), a joint venture between Ford and SK On, a Korean battery manufacturer. The loan will be used to construct three manufacturing plants in Tennessee and Kentucky. Once operational, the facilities have the potential to displace 455 million gallons of gasoline annually by propelling the shift toward low-carbon transportation.