Energy

Former Tesla exec inks new recycling deal as battery costs soar 

0


Walk with JB Straubel through the Redwood Materials recycling plant in Carson City, Nevada and one thing stands out: Pallets stacked on top of pallets filled with old batteries, defective battery cells and scrap material from the nearby Panasonic plant.

“The sheer magnitude of the waste and scrap problem and the magnitude of batteries that need to get recycled is, I think, shocking to most people,” said Straubel, the founder and CEO of Redwood Materials. Straubel spent more than a decade at Tesla, before resigning as chief technical officer in 2019 so he could focus on growing his recycling company.

Redwood Materials has reached an agreement to recycle scrap and defective battery cells for…



Source cnbc.com

Best Buy gives pandemic-related bonuses to employees amid company layoffs

Previous article

Cathie Wood’s funds take big hits as Tesla and the tech trade show signs of unwinding

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy