Ford, Redwood Materials collaborate on closed-loop battery recycling
Ford has teamed up with Redwood Materials to create a closed-loop system for its upcoming deluge of electric vehicles (EVs) – a partnership that will help make EVs more accessible and affordable in the U.S.
Redwood’s recycling technology can recover, on average, more than 95 per cent of elements like nickel, cobalt, lithium, and copper. These materials can be reused in a closed loop with Redwood moving to produce anode copper foil and cathode active materials for future battery production.
Ford and Redwood aim to integrate battery recycling into Ford’s domestic battery strategy. Through this, Ford can drive down costs, increase battery materials supply and reduce its reliance on imports and mining of raw materials.
Ford is investing $30 billion in electrification through 2025, including the collaboration between Ford and Redwood.
“We are designing our battery supply chain to create a fully closed-loop lifecycle to drive down the cost of electric vehicles via a reliable U.S. materials supply chain,” said Lisa Drake, Ford’s North America Chief Operating Officer.
“This approach will help ensure valuable materials in end-of-life products re-enter the supply chain and do not wind up in landfills, reducing our reliance on the existing commodities supply chain that will be quickly overwhelmed by industry demand.”
Redwood Materials is creating a circular supply chain for batteries and helping partners across the EV and clean energy industries by providing technologies to recycle and remanufacture lithium-ion batteries.
“Increasing our nation’s production of batteries and their materials through domestic recycling can serve as a key enabler to improve the environmental footprint of U.S. manufacturing of lithium-ion batteries, decrease cost and, in turn, drive up domestic adoption of EVs,” said Straubel, Redwood Materials Chief Executive Officer.
“Redwood and Ford share an understanding that to truly make electric vehicles sustainable and affordable, we need to localize the existing complex and expensive supply chain network, create pathways for end-of-life vehicles, ramp lithium-ion recycling and increase battery production.”
Ford has invested $50 million into Redwood Materials to help the company expand its footprint in the U.S. and further advance these business opportunities between the companies.
23 September 2021