NBC News Channel 4 in Reno, Nevada reports that Redwood Materials , which is growing, has purchased an additional 74 acres of land inside the Tahoe-Reno Industrial Center (TRIC). No formal statement has been made regarding the potential employment impact of the expanding Redwood Materials facility.
According to Joel Grace, the CEO of Locus Development Group, who handled the site purchase, the new facility the business plans to erect there should be operational in about ten months. Redwood Materials currently owns 175 acres in the surrounding cities of Carson City and Sparks, and the new processing plant will increase that size. The acquisition also heralds the start of the 688-acre Comstock Commerce Center development at TRIC.
The goal of Redwood Materials website is to create a circular supply chain to power a sustainable society and hasten the use of fossil fuels, according to the firm. The future of transportation and the power grid depend on this approach.
Campaign for battery materials is launched by the inflation reduction act. In order for the vehicles they manufacture to be eligible for the most recent EV tax credits, the Inflation Reduction Act of 2022’s provisions, which are anticipated to be approved by Congress within the next few days, place a premium on battery components and materials that are sourced from within North America. According to Redwood, it can recover recovered materials from used electric car batteries that are as good as or better than many brand-new materials.
In the field of transportation, the circular economy concept is relatively recent. The internet has been awash with tales of EV owners who, after their car batteries could no longer be repaired because there was nothing else that could be done with them, drove their vehicles into lakes and rivers. Surprisingly, some people genuinely believe these ideas after reading them online or hearing them on fake news.
The ingredients used to make today’s EV batteries can really be recovered, improved, and recycled repeatedly. In reality, Redwood Materials recently declared it will send Tesla Gigafactory in Nevada copper foil recovered from batteries for use in creating new battery cells.
Redwood will cut CO2 emissions by 83% annually compared to the present Asia-based supply chain when our copper foil production starts this year. One of the first of our partners to source this crucial anode component is @PanasonicNA at Gigafactory 1! pic.twitter.com/yo2KUkqpJ5
(@RedwoodMat) Redwood Materials August 8, 2022
Redwood is collaborating with Tesla, Panasonic, Ford, Toyota, and Volkswagen in order to pioneer a circular EV economy in North America that will lessen the demand for mining and processing new battery materials. That is crucial to the advancement of the EV revolution in America.
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