Lithium-ion batteries are all over the place — in telephones, laptops, tablets, cameras and more and more vehicles. Demand for lithium-ion batteries has risen sharply prior to now 5 years and is anticipated to develop from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, principally because of the growth in electrical vehicles, in response to MarketsandMarkets. And a shortage of lithium-ion batteries is looming within the U.S.

Former Tesla CTO and the mastermind behind many of Tesla’s core technologies, JB Straubel, began Redwood Supplies in 2017 to assist tackle the necessity for extra uncooked supplies and to unravel the issue of e-waste. The corporate recycles end-of-life batteries after which provides battery makers and auto firms with uncooked supplies briefly provide as EV manufacturing surges all over the world. 

Straubel gave CNBC an inside have a look at its first recycling facility in Carson Metropolis, Nevada. Watch the video to be taught why battery recycling shall be a vital half in making EV manufacturing extra sustainable.