19 September, 2023 — Redwood Materials, a trailblazer in sustainable energy solutions, is excited to announce its latest expansion in Europe. With the acquisition of Redux Recycling GmbH, a leading lithium-ion battery recycler in the European Union, Redwood solidifies its presence in the thriving EV and clean energy storage market.
The Redux Recycling facility, strategically located in Bremerhaven, Germany, is equipped to recycle various battery types, including those from electric vehicles, E-bikes, stationary storage systems, and consumer devices like smartphones and laptops.
The acquisition complements Redwood’s advanced material recovery processes and enhances its commitment to sustainability. Redux’s proprietary technology boasts a remarkable recovery rate of over 95 percent for valuable materials such as cobalt, lithium, nickel, and manganese.
Redwood’s expansion in Europe, backed by the acquisition of Redux Recycling GmbH, signifies a significant step towards a more sustainable future for the electric vehicle and clean energy storage industries.
Добавить комментарий