Interview Series: Chapter 3 —EVelution Energy Aligns with U.S. Manufacturing Goals and Inflation Reduction Act
EVelution Energy’s founders discuss re-onshoring manufacturing and US critical minerals policy
IIn Chapter 3 of our ongoing video interview series, Michael Gibson of USAdvisors.org speaks with Navaid Alam of EVelution Energy about the company’s alignment with U.S. industrial and energy policies.
They discuss how Evelution Energy’s cobalt processing facility — funded in part by EB-5 investments — plays a key role in shortening supply chains, reducing dependency on China, and supporting the goals of the Inflation Reduction Act (IRA).
Major companies like General Motors and Stellantis are already showing interest, and with bipartisan momentum behind re-shoring and clean energy, Evelution Energy’s future looks strong.
With EB-5 financing provided by Intermestic Capital and EB5 Hortizon, this project offers foreign investors the opportunity to participate in a transformative American industrial initiative.
Watch Chapter 3 of the interview now: Click link below
Yuma, Arizona | Powered by EB5 Horizon + Intermestic Capital
Evelution Energy Interview Chapter 2
Michael Gibson, USAdvisors, interviews Gil Michele-Garcia, Executive Vice President, Evelution Energy
Transcript
Evelution Energy Interview Chapter 3
Michael Gibson, Managing Director of US Advisors (USAdvisors.org) an independent Registered Investment Advisory Firm. Michael also owns and runs EB-5 Investments (eb5projects.com) and is an EB5 industry expert.
Navaid Alam, President & Chief Executive Officer EVelution Energy
Michael Gibson, speaking
So, Navaid, Gil brought up a good point. We know now with the current administration, there's a huge focus from moving manufacturing offshore, in particular from China to the United States. How do you see your plan and your initiative fitting into the current administration's goal? And, more importantly, for US manufacturers who are looking to shorten the supply chain from having to import from overseas and to being able to buy it from a US supplier?
Navid Alam, speaking
Yeah, great question, Mike. We're, we're actually getting a lot of interest from, very large US purchasers, as we mentioned. Such as General Motors and Stellantis to buy our product. They are interested in the shortened supply chain, the just in time inventory that's located in the United States. We're definitely IRA compliant. We have…
Michael Gibson, speaking
And, and you, and you mentioned IRA. For our listeners who may not be familiar, can you explain a little bit more about?
Navaid Alam, Speaking
Sure, that's the Inflation Reduction Act. And…
Michale Gibson, speaking
And, and that was promoted by or instituted by President Biden, in the previous administration. There was some thought that that would be killed under Trump. But, what's your sense on that?
Navaid Alam, speaking
Well, we think the parts of it that are basically carrying on Trump's initial administration's policies, such as de-risking from China, re-onshoring the factories in back into the United States, hiring US labor, hiring and training American college students for great jobs in the United States. All of that was also promoted under the IRA. And, we believe, since it was initially started by the first Trump administration, it's gonna be absolutely continued in the second Trump administration.