Redwood Supplies, the lithium-ion battery recycling startup based by former Tesla CTO JB Straubel, is partnering with Toyota to gather, refurbish and recycle batteries and battery supplies that may be despatched to the the Japanese automaker’s subsequent battery plant in North Carolina. The partnership, which is able to solely gather batteries from Toyota’s hybrid and electrified automobiles, comes as the primary wave of Toyota Prius hybrids, launched greater than 20 years in the past, pull out of the roads.
It is also the newest in a sequence of partnerships between Redwood and OEMs together with Proterra, Ford, Volvo and Panasonic, which provides batteries to Tesla’s gigafactory in Nevada. With the upcoming takeover of electrical automobiles, the demand for battery supplies, particularly these produced regionally, is skyrocketing. By partnering with Toyota and different automakers, Redwood hopes to create a round provide chain for electrical automobile batteries in the USA that may finally cut back the price of batteries and offset the necessity for treasured metallic mining. .
In line with Alexis Georgeson, vice chairman of communications and authorities relations at Redwood. In instances the place this isn’t an possibility, Redwood will recycle the batteries, eradicating supplies equivalent to copper, lithium, cobalt and nickel. The corporate will then course of these supplies into anode copper foils and cathodes — the 2 fundamental elements of a battery that make up about 65% of the fee, Georgeson says — that may be despatched again to Toyota for cell manufacturing.