U.S. set to loan Redwood Materials $2 bln for EV materials plant

U.S. set to loan Redwood Materials $2 bln for EV materials plant

The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling and remanufacturing complex in Nevada for battery materials.

U.S. set to loan Redwood Materials $2 billion for EV materials plant

By Paul Lienert and David Shepardson (Reuters) -The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling

Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada

Founded by ex-Tesla CTO JB Straubel, Redwood Materials is growing its battery recycling operations in and beyond Nevada.

Redwood Materials says it wins $2 billion DOE loan for EV materials plant

By Paul Lienert and David Shepardson (Reuters) - Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing complex in Nevada for electric vehicle battery materials. Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview. The initial loa…

Redwood Materials says it wins $2 billion DOE loan for EV materials plant

Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing complex in Nevada for electric vehicle battery materials.Redwood Materials expects to draw down the first loan t

Redwood Materials gets $2 billion federal loan for mega battery facility near Reno

The loan will be used to finance Redwood Material’s massive project at Tahoe Reno Industrial Center to recycle and produce battery materials.