Maybe once upon a time, concern about what happened to EV batteries at end of life was legit. However, it was quickly apparent that the vast majority of an old battery could still be useful if recycled, and that those materials are highly valuable. About 95% (or even more) of … [continued]
At Redwood, our process involves sourcing end-of-life batteries and production scrap as well as raw materials and then recycling, refining, and remanufacturing these feedstocks into critical battery materials for North American cell manufacturers at gigafactory-scale. Redwood is now working with Ultium Cells LLC—the joint battery cell manufacturing venture between General … [continued]
Redwood Materials is at the leading edge of a US-based supply chain for battery materials for electric vehicles.
USA has not been the home of much of the world’s EV battery or battery component production. That has been dominated by China. The Inflation Reduction Act is changing that. Subsidies for mining EV battery minerals, subsidies for processing those minerals, subsidies for battery cell production, and subsidies for battery … [continued]
In every tech transition, there are innovative leaders who bring the first products and projects to market. While those are cutting edge when they come out, after a few years, they are clearly out of date. The growth and evolution of grid-scale batteries has gotten to the point where it’s … [continued]
Tesla co-founder and board member JB Straubel started the electric vehicle battery recycling company Redwood Materials in 2017. Now, as the EV industry continues to expand, the recycling company has raised over $1 billion in a new funding round, officially pushing Redwood past a $5 billion valuation. Straubel’s Redwood Materials … [continued]
A not-so-farmiliar household name has assembled $4 billion in private and public funding for EV battery recycling.
Battery recycling company and Tesla partner Redwood Materials is currently in discussion to raise as much as $700 million in funding. If all goes according to plan, the funding would put the company’s valuation at nearly $5 billion ahead of the company’s plans to construct a new factory in Nevada — though … [continued]
Redwood Materials reports that after the first year of operation, its battery recycling facility in California has been a success.
Battery recycling and second life grid storage applications for used EV batteries are expanding, but is that happening too soon?
