Redwood Materials plans major expansion in Nevada

redwood materials is expanding, and according to NBC News Channel 4 in Reno, Nevada, the company acquired an additional 74-acre property within the Tahoe-Reno Industrial Center (TRIC). There is no official word on how many jobs the expanded Redwood Materials operation could create in the area.

Joel Grace, CEO of Locus Development Group, which handled the purchase of the land, says he expects the new facility the company plans to build there to be operational in about 10 months. The new processing plant will add to the 175 acres that Redwood Materials already occupies near Carson City and Sparks. The purchase also marks the opening of the new Comstock Commerce Center, a 688-acre development at TRIC.

According to Redwood Material website, the company’s mission is to “…build a circular supply chain to power a sustainable world and accelerate the reduction of fossil fuels. This orientation is essential for the future of transport and the electricity network.

Cut Inflation Act Launches Battery Materials Campaign

Provisions of the Cut Inflation Act of 2022, which is expected to be approved by Congress in the coming days, put a premium on battery components and materials sourced from North America so that the vehicles they make be eligible for the latest EV tax credits. Redwood says the recycled materials it is able to recover from existing electric car batteries meet or exceed the specifications of many new materials.

The idea of ​​a circular economy is a relatively new idea in transportation. Until now, the internet has been abuzz with stories of electric vehicle owners driving their cars into lakes and rivers when their cars’ batteries were no longer usable because there was nothing else to do. do with them. Amazingly, some people actually believe such things because they read them on the internet or hear them on Fake News.

The truth is, the hardware components of today’s EV batteries can be salvaged, refined, and recycled over and over again. In fact, Redwood Materials recently announced that it would supply copper foil reclaimed from batteries to the Tesla Gigafactory in Nevada for use in manufacturing new battery cells.

Redwood is partnering with Tesla, Panasonic, Ford, Toyota and Volkswagen and leading the way in North America towards a circular electric vehicle economy that reduces the need to mine and process new battery materials. This is extremely important for advancing the electric vehicle revolution in America.


 

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