• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

JB Straubel’s Redwood Materials is expanding into the battery materials business

September 14, 2021 by David Barret Leave a Comment

Redwood Materials, the company started by former Tesla co-founder JB Straubel that aims to create a circular supply chain for batteries, is expanding its business. While it has been known primarily as a recycling firm, Redwood plans to simplify the supply chain by producing critical battery materials right here in the U.S.

To get there, the company is currently scouting a location for a new million-square-foot factory, at a cost of over $1 billion, Bloomberg reported. That factory would be dedicated to the production of cathodes and anode foils, the two essential building blocks of a lithium-ion battery structure – up to a projected volume of 100 gigawatt-hour per year’s worth of materials, enough for one million electric vehicles, by 2025.

But that’s not all. By 2030, the company expects to increase its annual battery materials production to 500 GWh, enough to power five million electric vehicles.

These numbers are incredibly ambitious. If Redwood can pull it off, it would be putting itself squarely among the ranks of the largest materials giants in the world, many of which are located in Asia. BloombergNEF estimated that consolidating the cathode supply chain to the United States, and using a certain percentage of recycled materials, could cut emissions from battery-pack production by 41%.

Image Credits: Redwood Materials (opens in a new window)

Recycling alone won’t take the company to these kinds of production numbers, though Redwood is also planning on expanding its recycling operations. Instead, the company said in a statement that it would produce the anodes and cathodes from both recycled batteries and “sustainably mined material.” For now, the company is staying mum on its partners for this new endeavor, but it will likely mean more announcements of partnerships and expansions in the future.

This is just the latest bold move from the company, which has been making moves to aggressively expand its footprint for months. Earlier this summer, Redwood said it would triple the size of its 150,000-square-foot recycling facility in Carson City, Nevada, and it also purchased 100 acres of land near Tesla and Panasonic’s Gigafactory in Sparks, Nevada. The news also comes fresh off the heels of a $700 million Series C funding round, from major investors including Bill Gates’ Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund, Baillie Gifford and Goldman Sachs Asset Management. The capital launched Redwood’s valuation to $3.7 billion.

Image Credits: Redwood Materials (opens in a new window)

The company has recycling deals with Tesla, Amazon, electric bus maker Proterra, and electric bike maker Specialized Bicycle Components. Redwood says it can recover between 95-95% of critical materials from recycled batteries, such as lithium, copper, nickel and cobalt.

Source Link JB Straubel’s Redwood Materials is expanding into the battery materials business

David Barret
David Barret

Related posts:

  1. German prosecutors search ministries in money laundering probe
  2. Soccer-European club body opposes biennial World Cup plans
  3. Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets
  4. Soccer-Biennial World Cup would affect quality says Leicester’s Rodgers

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Fast Leaf Hypothesis: Scientists Discover Sneaky Way Trees Use Geometry To Hog Nutrients
  • Watch: Rare Footage Captures Two Vulnerable New Zealand Species “Having A Scrap”
  • Beautiful Elk Spotted In Northern Colorado Has 1-In-100,000 Coloring
  • Mesmerizing Cosmic Dust Rainbow Caught By NASA’s PUNCH Mission
  • Endangered “Forgotten” Penguins Lay 1.5 Eggs At A Time In Bizarre Breeding Strategy
  • Watch Spellbinding Footage Of A “Fog Tsunami” Rolling Over Lake Michigan
  • What Happened When Scientists Exposed Human Cells To 5G? Absolutely Nothing
  • How Many Supernovae Are Happening In The Universe Every Second? More Than You Think
  • This View Of The Pacific Will Change The Way You See Planet Earth
  • Decapitated Dolphin Found On Remote US Island – And NOAA Wants To Know Who’s To Blame
  • Earth’s Strongest Solar Storm Ever Hit In 12350 BCE – Could It Have Been A Fabled Super Solar Storm?
  • How Bright Is The Earth From The Moon And Could You Read By It?
  • New Powerful Antibiotic That Kills Superbugs Found Hiding Deep In A Chinese Mine
  • Infant Becomes First Human Ever To Receive Personalized CRISPR Gene Therapy Treatment
  • Montana Passes Bill Allowing Doctors To Prescribe Experimental Drugs Without FDA Approval
  • Humanity’s Longest Prehistoric Migration Was 20,000km On Foot – And We Now Know Who Took It
  • New Hypersonic Rotating Detonation Rocket Engine Passes Real-World Milestone
  • “This Story Is A Good One”: 40 Years Ago, Scientists Discovered A Hole In The Ozone Layer And Saved The Planet
  • “One Of World’s Largest Copper, Gold, And Silver Resources” Found In South America
  • Outrage Is Short-Lived: People More Likely To Resist New Rules Before They Come Into Effect
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version