Ex-Tesla CTO JB Straubel’s Redwood Supplies tackles battery recycling
Lithium-ion batteries are all over the place — in telephones, laptops, tablets, cameras and more and more vehicles. Demand for lithium-ion batteries has risen sharply prior to now 5 years and is predicted to develop from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, largely because of the increase in electrical vehicles, based on MarketsandMarkets. And a scarcity of lithium-ion batteries is looming within the U.S.
Former Tesla CTO and the mastermind behind a lot of Tesla’s core applied sciences, JB Straubel, began Redwood Supplies in 2017 to assist handle the necessity for extra uncooked supplies and to unravel the issue of e-waste. The corporate recycles end-of-life batteries after which provides battery makers and auto corporations with uncooked supplies briefly provide as EV manufacturing surges world wide.
Straubel gave CNBC an inside take a look at its first recycling facility in Carson Metropolis, Nevada. Watch the video to be taught why battery recycling shall be a vital half in making EV manufacturing extra sustainable.
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