A new solar company called Ebon Solar has secured a $10 million grant from the state of New Mexico, along with $1 million in financing and another $1 billion in a state-backed bond, to build an 834,000-square-foot solar cell manufacturing facility near Albuquerque.
Ebon’s U.S. headquarters are located in Delaware for tax purposes, but the company will become a U.S.-based manufacturer with the help of New Mexico state finances. However, Ebon’s parent company, Ebang International Holdings, is Chinese.
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