A very young firm - founded in 2021 - having, to date, a limited SBIR presence but recording some heavy-hitting capital raising achievements, Redwood Materials is structured around reducing the environmental impact, cost, and supply chain issues in the production of batteries, To tackle the challenge of powering a sustainable world while at the same time accelerating the reduction of fossil fuel usage, Redwood Materials personnel are tackling building a circular supply chain to power that sustainable world. In effect, the firm is closing the loop - making batteries sustainable and affordable by localizing the battery supply chain - for the first time (in the US) producing anode and cathode conpnents from accumulated recycled batteries. As the firm tackles production of anode foil, Redwood materials has received conditional commitment for $2B Department of Energy loan for battery materials. It is reported that the firm will draw upon this milestone-based financing in tranches that support their phased construction allowing them to unlock funding as the firm's personnel accelerate the construction and expansion of their first battery materials campus.
