Battery recycling will help the U.S. establish its own electric-vehicle supply chain, a major goal of the Biden administration as it seeks to move away from gas-powered cars in the larger fight against climate change. Biden also has promoted domestic production of critical minerals used in EVs and other electronics, as part of the climate fight and to counter China's longtime dominance in the supply chain.
The Energy Department said its conditional commitment demonstrates its intent to finance the Nevada project, but several steps remain before officials approve a final loan. Straubel said the company already has more material than it can process from spent consumer batteries from lawnmowers, cellphones and toothbrushes, as well as production scraps from lithium-ion battery manufacturing.
Redwood Materials “is going to play this outsized role in bringing the batteries supply chain home — because you’re focused on the pieces that we don’t have in the United States,'' Granholm told employees at Thursday's event. “You guys are making history in this.''
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