Redwood Materials approved for over $100m in tax incentives

Redwood Materials was approved for $105.6 million in tax incentives by the Nevada Governor’s Office of Economic Development. The battery recycling company, founded by former Tesla co-founder JB Straubel, will receive the incentives in exchange for investing over $1.1 billion in Storey County, the Reno Gazette-Journal reported. Nevada Governor Steve Sisolak pointed out that Redwood […]

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Redwood Materials to recycle Lyft scooter, e-bike batteries

Update 2:08 PM ET: Updated quote from Redwood Materials spokesperson confirmed the partnership with Lyft in paragraph six. Redwood Materials will reportedly recycle Lyft scooter and e-bike batteries through a partnership first uncovered by The Verge. Redwood Materials, founded by Tesla co-founder J.B. Straubel, has gained several partnerships with automakers and battery companies in an attempt […]

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GM to develop EV battery separators with $200M U.S. DOE grant

General Motors will develop electric vehicle battery separators with manufacturer Microvast in a joint partnership that will yield a new separator plant in the United States. The project is being funded by a $200 million grant from the U.S. Department of Energy’s Battery Materials Processing and Battery Manufacturing initiative. GM will contribute its separator and […]

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