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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.

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by Siddhi Ashar Spotted 51 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?

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