Skip to main content

Redwood Materials scores $2 billion DOE loan to boost its EV battery operations

by Siddhi Ashar, Feb 20
1 minute read

Redwood Materials, the electric vehicle battery recycling and manufacturing venture has secured a $2 billion loan from the Biden administration.

a pile of silver foil sitting on top of a pile of silver foil

So what?

Their chemical recycling process strips out and refines the relevant elements like nickel, cobalt, and copper from batteries. They are also a key player in building the US’ domestic battery supply.

Sources

Details

by Siddhi Ashar Spotted 48 signals

With a background in international studies and filmmaking, Siddhi works with the Futures Centre team to creatively push our current imaginaries and create more positive visions of futures rooted in equity. Her works centers around challenging common narratives and working agilely to bring forth more representative ones. Through her role at the Futures Centre, she focuses on the answering the question, how can better climate communication and visioning help stakeholders work together and act intently, empathetically and urgently?

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Join discussion

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>