Full-Time
Posted on 2/22/2025
Recycles batteries for domestic material supply
Mid, Senior
McCarran, NV, USA
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Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company transforms used batteries into valuable materials, specifically anodes and cathodes, which are essential for battery production. By recycling batteries, Redwood Materials creates a domestic source for these critical components, reducing the need for long-distance transportation and overseas procurement, which can be costly and environmentally harmful. Unlike many competitors, Redwood Materials emphasizes sustainability and cost-effectiveness by providing U.S. cell manufacturers with locally sourced materials. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries while minimizing environmental impact and enhancing the efficiency of the supply chain.
Company Size
501-1,000
Company Stage
Series D
Total Funding
$1.7B
Headquarters
Carson City, Nevada
Founded
2017
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Health Insurance
Thompson joins from Redwood Materials, a manufacturing technology company that is creating an electric battery supply chain across America, where he was chief financial officer.
Redwood Materials recently announced its partnership with BMW of North America to recycle lithium-ion batteries.
The Lake Tahoe Electric Transportation Forum is partnering with Redwood Materials and the Nevada BEP to jointly coordinate a Battery Recycling Drop Off Center at the Forum.
Battery recycler Redwood Materials announced a $3.5 billion facility in Charleston in December 2022.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsAt Redwood, our process involves sourcing end-of-life batteries and production scrap as well as raw materials and then recycling, refining, and remanufacturing these feedstocks into critical battery materials for North American cell manufacturers at gigafactory-scale.Redwood is now working with Ultium Cells LLC—the joint battery cell manufacturing venture between General Motors and LG Energy Solution— to recycle production scrap from both their Warren, Ohio and Spring Hill, Tennessee facilities. Materials to be recycled include cathode and anode material as well as cell scrap.Ultium Cells’ two facilities are each 2.8 million-square-feet operations that expect to produce more than 80 GWh combined of battery cells annually, with Redwood receiving the majority of the scrap from its manufacturing process. Ultium is already shipping material from Gigafactories in Ohio and Tennessee and the company has a third facility under construction in Michigan. With this latest collaboration, Redwood now has contracts with most of North America’s battery cell manufacturers.Despite tremendously efficient production rates, cell manufacturing still experiences a 5-10% scrap rate on average. This equates to daily truckloads full of material, and ~10,000 tons of material annually, for Redwood to recycle and remanufacture into critical battery components for cell manufacturing.Redwood is redefining sustainability in battery material production at our Northern Nevada campus