Redwood Materials is planning to start up its anode copper foil production facility in the first half of this year.
In an update on the website, Redwood Materials also stated that Panasonic would be its first partner to source Redwood’s copper foil.
“Panasonic will be the first partners who expect to source Redwood’s copper foil. Our partnership with Panasonic began in 2019 and since, we’ve been recycling all Panasonic’s manufacturing scrap from the Tesla Gigafactory. That very same material will now be recycled, and the copper contained will be remanufactured into anode foil and returned to Panasonic at the Gigafactory, just a few miles down the road.
Redwood also said that it expects to invest $1 billion in Northern Nevada over the coming years as part of its copper foil facility and expanded recycling operations. It plans to hire over 500 people at its Tahoe-Reno Industrial Center Site and is still actively looking for another battery materials campus that will be focused on cathode production. When they choose the site, Redwood will spend over $2 billion and scale cathode production to 500 GWh or five million electric vehicles by 2030.
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