Battery recyculations Redwoodmaterials manufacturers announced more than $ 700 million

2022/04/08

  Author :Iflowpower – Portable Power Station Supplier

The Material Recycling Company of the Former Tsrabine Master JBstraubel has an investment in more than $ 700 million in investment. Redwood is currently developing a process of producing battery materials that can be replaced to the supply chain, and has established partnerships with companies such as Panasonic, Envisionaesc and Amazon. The company is committed to recovering any equipment with lithium-ion batteries, including mobile phones, laptops, and power tools, but main concerns are electric vehicles (EV) batteries.

A lithium-ion battery group produced by a British startup company named Aceleron, specially designed for easy recycling, announced on July 28 that new investment will enable the company to significantly expand its capabilities and develop new in the United States. Battery material. In June this year, Redwood said it was planned to expand its facilities in Nevada Cancel City to 550,000 square feet, and built another large factory in Tahoe-Reno Industrial Center in Nevada.

It also hopes to recruit 500 employees in the next few years. A round of "carefully selected strategic investors" led by the investment management group T. RowePriceassociates, including Goldman Sachs Asset Management Company, Bailliegifford, Canadian Pension Plan Investment Committee and Fidel.

Investors who have participated in B-round financing also invest in, including Bill Gates's breakthrough energy venture capital companies and Amazon's climate committing funds. "We are very happy to start this investment on Redwood Talents, achievement of outstanding teams, because they constantly pursue electric vehicles to build world-class sustainable, closed-loop battery supply chain," T. ROWE price growth stock fund portfolio manager Joe method Special.

"In our opinion, as we entered the decarburization era, the demand for these materials will grow exponentially over time. We believe that Redwood is in a favorable position, can stand in solving this emerging and critical issue. "Redwood CEO Straubel is one of Tesla's joint founders, and served as the company's chief technology officer before the establishment of recycling companies in 2017.

STRAUBEL implies the recent investment scale in the online activities hosted by the US Department of Energy, telling the source minister Jennifer Glan Hom and the audience, and the recycling can achieve the high utilization of materials, which helps solve the "very" very Challenging supply chain problem. At that event, the focus is the challenges and opportunities to establish an advanced battery manufacturing value chain in the United States. Gran Homhm Minister's investment is what is invested - he said that this will be "billion" " Talking about today's recycling space.

Straubel replied that this indicates that recycling is very competitive in the economy, and recycled materials can actually compete with mining materials. He added that Redwood is looking for enhanced raw materials from electric vehicles and consumer electronics. However, he pointed out that the market for recycling materials is currently in China, they are sent to new products reuse, not in North America.

The CEO said it highlights the gap between the United States in refining and synthesis. What role will the fixed storage system play in the recycling field? Energy-Storage.News recently learned from North America and Europe to participate in battery recycling, fixed storage systems will play an important role in the next few years.

FORTUM, Finnish National Energy, announced his own investment of 30 million US dollars in June, hoping that the plant was fully opened in 2023, can recover lithium ion, nickel, manganese and cobalt through wet metallurgy process, increasing the company Home owned facilities. Teroholl?nder, head of the Fortum Battery Line Telling Energy-Storage.News, although the maximum amount of recycling battery will come from the electric vehicle, but the battery share from the energy storage system (ESS) will also be large.

Similarly, headquartered in Canada's startups have a factory in Canada and the United States. Recently established partnerships with battery lifecycle management company RENEWANCE to economically efficient and sustainable ESS batteries. LI-CYCLE Chief Business Officer Kunalphalpher tells the website, ESS segmentation can play a "key role" and electric vehicles "the only concern" in the industry ".

"Fixed energy storage plays a crucial role in the overall situation of battery recycling, especially in the United States is experiencing rapid growth, need to find a valid method to recover all batteries generated by facilities retiring and / or upgrading. Elf. Last September, IHSMarkit analyst told the audience in an event organized by our publisher Solarmedia, and each stakeholder in the supply chain of lithium-ion batteries will consider the establishment of an effective recycling industry in accordance with their interests.

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