US-based Redwood Materials has started critical materials recovery at its Berkeley County, South Carolina campus, adding an initial 20,000 metric tons of annual production. The company broke ground on the plant in early 2024. Redwood expects to expand the 600-acre campus over the next decade. Redwood’s Nevada facility produced more than 60,000 metric tons of… Read more »
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GM and Redwood Materials to pursue use of US-built batteries for energy storage
General Motors has signed a non-binding memorandum of understanding with Redwood Materials to accelerate deployment of energy storage systems using new US-manufactured batteries from GM and second-life battery packs from GM electric vehicles. The collaboration is a step toward taking GM’s battery technology beyond EVs and builds on the two companies’ existing collaboration. In June,… Read more »
Redwood Materials breaks ground on South Carolina EV battery recycling plant
Redwood Materials, the battery recycling firm run by Tesla alum JB Straubel, recently broke ground on a new facility near Charleston, South Carolina. The plant will complement the company’s Nevada materials location, and will be used to recycle, refine and remanufacture anode and cathode components. Also like Redwood’s Nevada site, the new Battery Materials Campus… Read more »
Get an offer for any used EV battery pack on Redwood Materials new pricing portal
Redwood Materials, the EV battery recycling firm headed by Tesla alum JB Straubel, has created a new web portal that’s designed to enable auto recyclers to quickly and easily get an offer for a used EV battery pack. A registered supplier can enter the vehicle year/make/model, VIN, or Battery Part Number, and describe the battery’s… Read more »
Redwood Materials raises over $1 billion investment round to expand domestic battery supply chain
US battery recycler Redwood Materials has completed an equity funding round that was co-led by Goldman Sachs Asset Management, Capricorn’s Technology Impact Fund, and funds and accounts advised by T. Rowe Price. The company plans to use the more than $1 billion in Series D funding to build capacity, expand its domestic battery supply chain,… Read more »
Volkswagen and Redwood Materials collaborate on US consumer battery recycling program
Volkswagen and lithium-ion battery recycler Redwood Materials have partnered to offer US consumers a convenient way to recycle rechargeable devices or lithium-ion batteries. Participating Volkswagen dealerships will offer Redwood bins for easy and safe disposal of rechargeable batteries and consumer devices, including cell phones, laptops, tablets, cordless power tools, electric toothbrushes, wireless headphones and old… Read more »
Redwood Materials to receive $2-billion DOE loan, begins production of anode foil
Redwood Materials, the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery… Read more »
Redwood Materials to supply cathode material to Panasonic’s new US battery plant
JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Panasonic’s $4-billion factory, which is said to be larger than Tesla’s Nevada Gigafactory, is expected to begin production of 2170-format cylindrical cells by March 2025. Spurred by the… Read more »
Toyota and Redwood Materials collaborate on closed-loop battery ecosystem
Toyota may be a latecomer to the electrification game, but the company is gradually assembling the components of a circular EV supply chain. Now it has partnered with Redwood Materials, the battery recycling concern headed by JB Straubel, to “explore a series of end-of-life battery solutions for Toyota’s proposed battery ecosystem.” Initially, the collaboration will… Read more »
Redwood Materials collaborates with Ford and Volvo on battery recycling pilot
Redwood Materials, the battery materials firm founded by Tesla cofounder JB Straubel, has launched a battery recycling pilot in California that aims to “establish efficient, safe and effective recovery pathways for end-of-life hybrid and EV battery packs.” Ford and Volvo are the first automakers to directly support the program, but the company will accept all… Read more »