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Very little info in the article. I wonder how much revenue they have, and how standardized the process for recycling can be when companies seem to all have prop
by SilverElfin 1y ago
Very little info in the article. I wonder how much revenue they have, and how standardized the process for recycling can be when companies seem to all have proprietary designs. But maybe not for the cells?
- toomuchtodo 1y agoCurrent revenue is ~$200M/year [1]. Context with regards to your inquiry on managing heterogeneous cells is available at [2] and [3]. Consider that while recent US policy has impaired renewables, it did not touch battery storage, and with projected AI power demand (note Nvidia is an investor in this latest round), they have a positive trajectory ahead of them (imho). There are going to be lots of EV battery packs needing recycling and repurposing over time, and Redwood is well positioned to profit from their part in the lifecycle. [1] https://techcrunch.com/2025/04/02/redwood-materials-preps-for-expansion-spree-with-new-rd-center-in-san-francisco/ https://techcrunch.com/2025/04/02/redwood-materials-preps-fo... [2] https://www.latitudemedia.com/news/why-redwood-materials-cto-changed-his-mind-about-second-life-grid-storage/ https://www.latitudemedia.com/news/why-redwood-materials-cto... [3] https://www.latitudemedia.com/news/catalyst-repurposing-ev-batteries/ https://www.latitudemedia.com/news/catalyst-repurposing-ev-b... (no affiliation, no economic exposure currently)