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Former Tesla exec inks new recycling deal as battery costs soar – CNBC

The booming EV plans may mean the industry has to look at recycling batteries as a new source for key minerals.



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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,…

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