Published 1 year ago

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

Summary by Ground News

Redwood Materials has secured a conditional commitment for a $2 billion loan from the Department of Energy. The loan is part of the Biden Administration's bid to build up a supply chain for EVs in the United States. Redwood recently began producing anode copper foil at its Nevada headquarters and expects to begin cathode qualification later this year.

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Reuters

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.

1 year ago·United Kingdom

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CNBC

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.

1 year ago·United States

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Channel News Asia

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

1 year ago·Singapore

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IBTimes

U.S. Set To Loan Redwood Materials $2 Billion 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

1 year ago·United States

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OAN

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

1 year ago·San Diego, United States

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Forbes

Redwood Wins $2 Billion Federal Loan To Scale Up Production Of Battery Materials For Electric Cars

Created by Tesla cofounder JB Straubel, the company is moving fast to manufacture anode and cathode materials for batteries used by electric vehicles which currently are sourced mainly from China, South Korea and Japan.

1 year ago·United States

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