Lithium-ion batteries are in all places — in telephones, laptops, tablets, cameras and more and more vehicles. Demand for lithium-ion batteries has risen sharply prior 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, principally because of the growth in electrical vehicles, in accordance with MarketsandMarkets. And a scarcity of lithium-ion batteries is looming within the U.S.
Former Tesla CTO and the mastermind behind lots of Tesla’s core applied sciences, JB Straubel, began Redwood Supplies in 2017 to assist deal with 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 all over the world.
Straubel gave CNBC an inside take a look at its first recycling facility in Carson Metropolis, Nevada. Watch the video to study why battery recycling will likely be a necessary half in making EV manufacturing extra sustainable.