Cyprus Nears US Visa Waiver Program As Refusal Rate Drops Below 3%

by THEFUTURE.TEAM

November 28, 2024

Cyprus has achieved a significant milestone in its efforts to join the US Visa Waiver Program, with the 2024 visa refusal rate for Cypriot citizens reported at just 2.16%. This figure, announced by the US Department of State, is well below the program’s required threshold of 3%, marking a crucial step toward visa-free travel for Cypriots.

Progress Towards Inclusion

Deputy Minister to the President, Irene Piki, highlighted the importance of this development, stating that Cyprus has met a “key prerequisite” for its inclusion in the program. She credited the progress to successful technical consultations between Cyprus and the United States over the past year.

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Piki reaffirmed the government’s commitment to securing Cyprus’ inclusion in the program by 2025, allowing Cypriots to travel to the US for tourism and business without the need for a visa.

Support from US Officials

US Ambassador to Cyprus, Julie Fisher, also acknowledged the milestone, describing it as a significant step forward. She expressed optimism that Cypriots would soon enjoy the benefits of visa-free travel to the US.

What’s Next?

The Cypriot government plans to continue its focused efforts to meet all remaining requirements, ensuring the process stays on track. This achievement underscores the growing cooperation between Cyprus and the US, paving the way for stronger ties and easier travel.

As Cyprus moves closer to this goal, the prospect of visa-free access to the US represents an important development for both business and leisure travellers.

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Sila Wins $1.4 Billion Pentagon Loan To Scale U.S. Battery Production

by News Editor

August 10, 2026

Sila has secured a $1.4 billion loan from the U.S. Department of Defense to expand production of its silicon-carbon battery material as the U.S. seeks to reduce reliance on Chinese battery supply chains.

Silicon Anodes Offer Higher Energy Density

The funding comes as U.S. automakers and defense companies face challenges securing battery materials from non-Chinese suppliers. Graphite, which is used in most lithium-ion battery anodes, has a supply chain heavily dominated by Chinese producers.

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Sila is among several companies developing silicon-based alternatives to graphite. Other players include Group14 and Amprius.

Silicon anodes can store around 20% to 40% more energy than graphite, potentially enabling longer-lasting batteries or smaller and lighter cells. Those characteristics are particularly attractive for electric vehicles, drones and other mobility and defense applications.

Sila produces its silicon-carbon material at a factory in Moses Lake, Washington, giving it a domestic source that is less exposed to tariffs and geopolitical risks.

The facility began operating in September and currently has annual capacity of about 2 gigawatt-hours of anode material. Sila plans to expand the factory fivefold, which would provide enough material for more than 100,000 EVs.

Pentagon Funding Supports Expansion

In July, Sila raised $300 million to help finance the expansion, bringing its total funding from private investors to more than $1.5 billion, according to PitchBook.

The company already has agreements with Mercedes-Benz and Panasonic. The new Pentagon financing could also help Sila pursue contracts with defense companies as demand for advanced batteries grows.

The Department of Defense announced funding for three other critical-materials companies alongside the Sila loan.

Sunrise Energy Metals will receive a $400 million loan to develop scandium resources, while Niron Magnetics secured $150 million to manufacture rare-earth-free magnets. Strategic Bauxite will receive an $85 million government equity investment to support mining of aluminum-bearing minerals.

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