Volvo Technology of America, LLC

Inflation Reduction Act (IRA) - a Manufacturing Conversion of Commercial Trucks From Fossil Fuel to Zero Emissions for Mack Trucks Incorporated the Proposed Project Scope Will Upgrade and Re-equip Three Mack Manufacturing Facilities. These Sites Currently Supply and Build All Mack and Volvo Trucks Heavy-duty Trucks for North America to Significantly Accelerate the Production Capacity Transition to Battery Electric Vehicle (BEV) / Fuel Cell Electric Vehicle (FCEV)

Committed

$208.2 Million

Paid to

UEI WANRR1KXNJ73

7900 National Service RD, Greensboro, NC, 27409

Department of Energy

Place

GREENSBORO, NC, UNITED STATES

NC-06

Performance

Jan 15, 2025 → Jan 14, 2026

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Energy

Manufacturing and Energy Supply Chain Demonstrations and Commercial Applications to

Volvo Technology of America, LLC

Committed

$208.2 Million

Paid to

Volvo Technology of America, LLC

UEI WANRR1KXNJ73

7900 National Service RD, Greensboro, NC, 27409

Department of Energy

Place

GREENSBORO, NC, UNITED STATES

NC-06

Performance

Jan 15, 2025 → Jan 14, 2026

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗