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 as a result of increase in electrical automobiles, in accordance with MarketsandMarkets. And a shortage of lithium-ion batteries is looming within the U.S.
Former Tesla CTO and the mastermind behind many of Tesla’s core technologies, JB Straubel, began Redwood Materials in 2017 to assist deal with the necessity for extra uncooked supplies and to resolve the issue of e-waste. The firm 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 City, Nevada. Watch the video to be taught why battery recycling will likely be an important half in making EV manufacturing extra sustainable.