Redwood Materials

Redwood Materials, founded in 2017 by former Tesla CTO JB Straubel and headquartered in Carson City, Nevada, recycles lithium-ion batteries and produces battery materials such as nickel, cobalt, copper, and lithium for electric vehicles and energy storage. It holds roughly a 70 percent share of U.S. lithium-ion battery recycling. Maintenance work happens at large chemical-processing and materials campuses, including its main Sparks, Nevada operation running since 2023, a planned buildout of more than 5 million square feet in northern Nevada, and a facility in Ridgeville, South Carolina.