’s Nevada Gigafactory. Panasonic will also use Redwood’s cathode material for battery cell production at its new Kansas plant, which is expected to come online in 2025.Battery Recycling Operations Already Profitable: JB Straubel
Redwood will use the DOE’s 2 big ones to accelerate the construction and expansion of its battery materials campus, where the company aims to produce 100 GWh per year of ultra-thin battery-grade copper foil and cathode active materials from both new and recycled feedstocks—enough battery materials to produce more than a million EVs per year from US-made components.
“We have been working closely with the Loan Programs Office for more than a year, and have undergone an extensive diligence process that thoroughly reviewed our technology, our ability to repay the loan, product demand, and dozens of other factors to get to this stage,” says Redwood. “Our project allows battery and automotive manufacturers to meet the new stringent critical mineral and battery component requirements [of] the Inflation Reduction Act.