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06:30am EDT| The engineer who helped Elon Musk turn Tesla into a powerhouse sees a future “where every vehicle is electric” – and an unfathomably profitable market in recycling the valuable metal from all those batteries. Four years ago Tesla’s CTO JB Straubel was ramping up battery output at its sprawling Gigafactory near Reno, Nevada when inspiration struck: Why not start a company to recover metals from the factory’s scraps and other used electronics and turn them back into usable lithium, cobalt and graphite to make new batteries. Figure out how to do that at a low enough cost and a large enough scale and you’d have a real impact, boosting the supply of rare and valuable metals while easing the environmental harm of mining and keeping toxic batteries out of landfills. Later that year, while still working at Tesla, which he cofounded with Elon Musk and three others, Straubel started Redwood Materials as a “new-generation mining company” in nearby Carson ....
Governors Wind Energy Coalition SPAC Crackdown Threatens Gauzy Forecasts That Power EV Startups Source: By Crystal Kim, Bloomberg • Posted: Tuesday, May 4, 2021 The marriage between SPACs and clean-tech vehicle startups is on the rocks as regulators push for detail on the one thing most of them lack: a solid business. Stocks of electric-mobility firms like Nikola Corp., Lordstown Motors Corp. and Romeo Power Inc. that went public by merging with special-purpose acquisition companies are down at least 69% from dizzying peaks, as investors question whether their visions for a greener future are divorced from reality. For months, the SEC has raised concern that investors aren’t fully informed of risks embedded in SPACs, also known as “blank-check” companies. The agency warned in early April that the safe-harbor provision which allows sponsors, targets and others to make business projections protects participants only from private ....
Li-Cycle Further Strengthens Leadership Team with Two Strategic Hires – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
How 'urban mining could' someday replace pulling minerals from the ground — podcast napaneeguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from napaneeguide.com Daily Mail and Mail on Sunday newspapers.
Article content Thereâs a race going on right now to remake the North American recycling landscape. This week Down to Business features Ajay Kochar, chief executive and co-founder of Mississauga-based Li-Cycle Corp, a lithium-ion battery recycling business that projects it could hit $985 million in revenue by 2025. We apologize, but this video has failed to load. Try refreshing your browser. How urban mining could someday replace pulling minerals from the ground â podcast Back to video It claims it can recover more metals, with fewer emissions at less cost than existing recyclers. For now, itâs focused on building infrastructure including 20 collection facilities around the continent, called spokes, where it can grind up batteries from phones, tablets even electric vehicles, before sending that matter off to centralized hubs where the most valuable metals can be extracted. ....