ERI entered a partnership to supply Redwood Materials with batteries and solar panels for downstream processing.
The companies announced the deal on March 25, noting that Redwood Materials, a Nevada-based battery recycling company, has also made a “significant” investment in California-based ERI.
Redwood Materials has been working to develop an electric vehicle battery recycling operation and previously announced it would hone its process using batteries from consumer electronics.
In an interview with Forbes, Redwood CEO J.B. Straubel said his company will receive “100% of the battery supply” that ERI generates. Initially, that will mean up to 30 tons per week of lithium-ion batteries, Forbes reported.
Additionally, ERI will send solar panels to Redwood for further processing. John Shegerian, executive chairman of ERI, told Forbes his company accepts and shreds solar panels but has not had a solid downstream outlet for that material. Straubel told Forbes his company can process those materials, although the processing technology was not described in the article.
More stories about processors
- PCs for People opens in Atlanta, eyes Philadelphia
- Rare earth recycling company plans UK facility
- ITAD company adds facility in eastern US