Redwood Materials is investing $3.5 billion in a gigantic new South Carolina manufacturing facility that will produce enough battery components to power a million electric cars. The company's also building a large campus in Northern Nevada. As part of the materials we make for batteries, the cathode material or the foils that make up the anode, we'll target between 30 and 50% recycled material.
Batteries are a critical part of the transition away from fossil fuels. From electric vehicles to grid scale storage for wind and solar, demand for batteries is expected to grow 500% by 2030. In order to meet that demand, we’re going to need a lot more batteries. And while companies like JB Straubel’s Redwood Materials are building capacity for recycling, for now that means a lot more mining. How do we build a battery supply chain that meets demand and reduces harm?
This episode is underwritten by ClimateWorks.
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