The battery recycler created by Tesla cofounder and former tech chief JB Straubel will collect used electric and hybrid vehicle packs from Ford and Volvo Cars in the first-of-its-kind program in California.
Redwood Materials plans to collect used battery packs from Ford and Volvo Cars in a new recycling program it's launching in California.Redwood Materials, a battery recycler created by Tesla cofounder and former tech chief JB Straubel, plans to collect used electric and hybrid vehicle packs from Ford and Volvo Cars in California, the top U.S.
Redwood aims to become a leading supplier of recycled metals and materials and estimates it can already recover about 6-gigawatt-hours of used batteries, battery scrap and electronics annually, enough to supply battery packs for 60,000 EVs. Located near Tesla’s massive Gigafactory, where it collects scrap from Panasonic, Redwood has raised about $800 million to expand its operations as demand for EV batteries–and the costly commodities needed to make them–grows.
“EV batteries contain the minerals that are crucial to our low-carbon, green growth future including lithium, which is critical to batteries as we move towards that clean energy future,” Newsom said in a briefing. “The pilot programs announced today will show how California can lead and build systems that work in partnership with industry leaders and innovators.”
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