About Redwood Materials
Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce domestic sources of anode and cathode materials, which are essential components for battery production. This process not only reduces costs but also addresses sustainability concerns by minimizing the need for overseas procurement of critical metals. Unlike many competitors, Redwood Materials emphasizes creating a local supply chain for battery materials, which helps U.S. cell manufacturers save money and lessen their environmental impact. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries, projected to increase significantly by 2030, by providing a sustainable and efficient source of materials for battery production.