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Redwood Materials was founded in 2017 by J. B. Straubel, who was a co-founder and served as chief technology officer at Tesla, Inc. for 16 years. [4] Redwood set out to create a circular supply chain for electric vehicles and clean energy products, making them more sustainable long term and driving down the cost for batteries by developing a fully closed loop for lithium-ion batteries.
In July 2021, Redwood Materials had more than 130 employees. [36] Straubel hopes that within 10 years recycling will bring the price of raw materials for lithium ion batteries down to about half of what it costs to mine virgin material. In June 2021, Redwood announced plans to expand its Carson City, Nevada facility to 550,000 square feet.
Redwood Materials, the battery recycling startup founded by former Tesla CTO JB Straubel, has purchased 100 acres of land near the Gigafactory that Panasonic operates with Tesla in Sparks, Nevada ...
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Redwood Materials has signed a long-term contract to supply Toyota Motor with recycled materials for the Japanese automaker's $13.9 billion North Carolina electric vehicle battery plant, Redwood ...
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