Redwood Materials to receive $2-billion DOE loan, begins production of anode foil
Charged
FEBRUARY 11, 2023
Redwood Materials , the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery materials campus.
Let's personalize your content