January 5, 2023: Redwood Supplies plans to interrupt floor for a cathode part processing complicated within the US state of South Carolina within the first quarter of this 12 months as a part of a $3.5 billion funding within the area, the corporate introduced on December 14.
Redwood mentioned the ‘battery supplies campus’ (see picture) outdoors Charleston will recycle, refine and manufacture anode and cathode parts on a website spanning greater than 600 acres. Preliminary operations are anticipated to start by the tip of this 12 months.
The campus will finally produce 100GWh of cathode and anode parts a 12 months, which Redwood says is sufficient to energy multiple million EVs. Manufacturing capability might be expanded to “probably a number of hundred GWh per 12 months”, the Nevada-based recycler mentioned.
The positioning might be a part of a brand new manufacturing hall from Michigan to Georgia, generally known as America’s ‘battery belt’, the place a whole lot of gigawatt-hours of battery cell manufacturing capability every year are set to be constructed and can start working between now and 2030.
Redwood mentioned the transfer is important as a result of the anode and cathode parts will not be but made in North America and battery cell producers should supply them from a world provide chain of greater than 50,000 miles.
“Because of this, US battery producers will spend greater than $150 billion abroad on these parts by 2030,” the corporate mentioned.
Charleston might be just like Redwood’s operations in Nevada in that the location might be 100% electrical and won’t use fossil fuels, Redwood claimed.
The Charleston venture follows Redwood’s announcement on November 15 that it’ll present recycled supplies to be used in Panasonic Power’s EV lithium ion batteries.
Recycled copper foil might be utilized in batteries made by Panasonic Power at its North American plant in Nevada beginning in 2024. Recycled cathode energetic supplies might be utilized in batteries made at Panasonic’s new facility in Kansas beginning in 2025.
