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 anticipated to develop from a $44.2 billion market in 2020 to a $94.four billion market by 2025, principally due to the growth in electrical vehicles, in accordance to MarketsandMarkets. And a shortage of lithium-ion batteries is looming within the U.S.
Former Tesla CTO and the mastermind behind many of Tesla’s core technologies, JB Straubel, began Redwood Materials in 2017 to assist handle the necessity for extra uncooked supplies and to resolve the issue of e-waste. The firm recycles end-of-life batteries after which provides battery makers and auto corporations with uncooked supplies in brief provide as EV manufacturing surges world wide.
Straubel gave CNBC an inside take a look at its first recycling facility in Carson City, Nevada. Watch the video to study why battery recycling shall be a vital half in making EV manufacturing extra sustainable.
