To help reduce the gap and create a closed-loop supply chain in the US, Redwood has two factories under construction in the US. There’s a 175-acre recycling facility in Carson City, Nevada, which will produce anode copper foil, and a 600-acre facility in Charleston, South Carolina that will allow Redwood to go beyond recycling batteries and refining materials into remanufacturing of both the cathode and anode copper foil.\u00a0<\/p>\n
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Redwood Materials Battery Materials Campus in Charleston, South Carolina<\/p>\n
Currently, the US exports several hundred thousand tons of copper a year to Asia, which is not helping the environment and leads to critical copper supplies leaving the country.<\/p>\n
The latest round of capital will help Redwood get its copper foil production in place by the end of 2023, with Panasonic set to be its first foil customer as part of an existing partnership \u2013 Redwood started recycling Panasonic’s manufacturing scrap from Tesla’s Giga Nevada plant in 2019.<\/p>\n
\n“We are relentlessly focused on expanding our collection of end-of-life batteries, increasing our refining capability to recover higher quantities, and harnessing their value to make the most sustainable products. This approach stands as the cornerstone of our strategy as we scale our battery material production capacity.”<\/p>\n