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Monday, 25 July 2022 13:09

Redwood Materials’ Battery Materials Facility in Nevada is $3.5B Disruptor

Written by Simon Alvarez, Teslarati

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Tesla co-founder JB Straubel believes Redwood Materials’ $3.5 billion battery materials facility can make a difference in the U.S.’ EV supply chain.

With the transition of the automotive sector to electric vehicles, the need for battery materials is bound to increase. Redwood plans to make sure it can help address this impending demand.

 

Redwood’s battery materials facility outside Reno, NV, is already under construction, expected to be one of the company’s first plants that will produce critical ingredients for the production of cells from recycled batteries.

 

This is a different strategy, as notable battery players like SK Innovation Co. Ltd. have announced high-profile investments in the U.S. that are mostly centered on battery cell making. 

 

The U.S. so far has played a small role in the production of raw and intermediate materials for battery cells. As noted in a report from The Wall Street Journal, even lithium mined in the U.S. is typically shipped to China or other parts of Asia before it can be made into cells.

 

This is where Redwood comes in, as the company aims to provide these key ingredients from recycled materials. 

 

In a recent interview, Straubel noted the demand for critical battery materials has been on the rise. The trend will likely become more evident, especially as the automotive sector starts fully embracing electric cars.

 

“Demand has skyrocketed, and now everyone’s building battery factories and EVs,” Straubel said. “The beginning of the supply chain didn’t keep up."

 

Benchmark Mineral Intelligence said today, China makes about 80% of the world’s cathode and more than 90% of its anode materials. As such, the opportunity for companies like Redwood is vast, and its Reno facility is poised to...


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