
PROJECT SUMMARY
In April 2024, the Department of Energy announced the closing of a $362 million loan to CelLink Corporation (CelLink) to construct a new manufacturing facility in Georgetown, Texas. The project will boost domestic manufacturing of lighter and more efficient flexible circuit wiring harnesses for automotive and other industries.
TECHNOLOGY INNOVATION
Wiring harnesses, key components of cars, are sets of wires and related equipment that relay information and carry electricity throughout vehicles. CelLink’s flexible circuit wiring harnesses, called “flex harnesses,” are lighter, smaller, faster to produce, and can be less expensive than conventional wiring harnesses. CelLink’s technology, now in demand in the electric vehicle (EV) and general automotive markets, also has applications across numerous other industries, including aviation, space, consumer electronics, and appliances.
ECONOMIC IMPACT
Construction of CelLink’s manufacturing facility is anticipated to create 165 construction jobs. When fully operational, the project is expected to create more than 1,200 permanent jobs.
CLIMATE BENEFIT
Once fully operational, the facility is expected to produce flex harnesses to support approximately 2.7 million EVs per year and displace an estimated 7.7 million gallons of gasoline annually due to weight and space savings of the flex harnesses.
PROJECT STATISTICS: CELLINK
Project Summary | Owners | CelLink Corporation |
---|---|---|
Locations | Texas (Georgetown) | |
Financial Summary | Loan Program | ATVM |
Loan Type | Direct Loan | |
Guaranteed Loan Amount* | $362 Million | |
Issuance Date | April 2024 | |
Economic Impact | Permanent U.S. Jobs Supported | 1,200 |
U.S. Construction Jobs Supported ** | 165 | |
Project Climate Benefit | Gallons of Gasoline Saved Annually | 7.7 Million |
CO2 Saved Annually | 68,430 Metric Tons |
* Last Updated April 2024. Approximate amount of the loan approved at closing including principal and any capitalized interest.
** Estimated at the time of closing
