Forbes‘ Alan Ohnsman reports that Redwood Materials has raised $700 million for its battery recycling operations.
- In its first year of operations, Redwood Materials processed over 10,000 tons of materials from old electronic equipment and batteries.
- Recycling the metals that are needed to make lithium-ion batteries will be crucial to match the growing demand for electric vehicles.
- The private sector’s innovation is creating a cleaner environment and more robust economy.
Read the full article here.