Redwood Materials invests and partners with ERI

Redwood Materials which rapidly has become the largest lithium-ion battery recycler in the US has partnered with the largest e-waste processer, ERI. Through the agreement Redwood Materials will receive lithium-ion batteries from ERI while e-waste will go in the other direction.

As a part of the agreement Redwood Materials will also invest in ERI.

ERI is no stranger to lithium-ion batteries and has likely exported most of its current volume.

https://www.businesswire.com/news/home/20210325005697/en/Redwood-Materials-and-ERI-Enter-Exclusive-Strategic-Partnership-to-Recycle-Batteries-and-Solar-Panels

The agreement is only of many that has been disclosed lately by Redwood. The company also signed an agreement with e-bus maker Proterra, (e-) bike maker Specialized and the US-based part of Envision (AEIC), which makes batteries for Nissan.