Lithium-ion batteries are in every single place — in telephones, laptops, tablets, cameras and more and more automobiles. Demand for lithium-ion batteries has risen sharply up to now 5 years and is anticipated to develop from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, largely because of the increase in electrical automobiles, in accordance with MarketsandMarkets. And a scarcity of lithium-ion batteries is looming within the U.S.
Former Tesla CTO and the mastermind behind a lot of Tesla’s core applied sciences, JB Straubel, began Redwood Supplies in 2017 to assist tackle the necessity for extra uncooked supplies and to resolve the issue of e-waste. The corporate recycles end-of-life batteries after which provides battery makers and auto corporations with uncooked supplies in brief provide as EV manufacturing surges around the globe.
Straubel gave CNBC an inside have a look at its first recycling facility in Carson Metropolis, Nevada. Watch the video to be taught why battery recycling might be a necessary half in making EV manufacturing extra sustainable.