Redwood Materials & ERI Partner up to Recycle Batteries as well as Solar Panels

• ERI, the country's largest totally incorporated IT as well as electronic devices possession disposition provider as well as cybersecurity-focused equipment devastation company, and also Redwood Materials, a firm developing lasting materials by creating circular supply chains, transforming waste into earnings and also creating the remedy for a fully closed-loop recycling for lithium-ion batteries, announced today that they have participated in an exclusive partnership for battery recycling.

As part of the partnership, Redwood Materials has made a substantial strategic financial investment in ERI. JB Straubel, founder and also Chief Executive Officer of Redwood Materials (and also formerly Principal Technology Officer as well as co-founder of Tesla), has been chosen to ERI's board of directors.

Furthermore, the partnership notes the launch of Redwood as well as ERI's new business line to recycle solar panels. ERI will certainly currently team with Redwood Materials for the liable recycling of photovoltaic panels.

" ERI and also Redwood Materials collaborating signifies an unique, unprecedented collaboration that will certainly take on the 'last mile' of electronic recycling: solar panels and batteries," claimed John Shegerian, ERI's Co-Founder and also Exec Chairman. "And also it will certainly be done in a drastically transparent, end-to-end closed-loop way where components-- from cobalt, nickel, copper, lithium-- will certainly be stayed out of land fills, sensibly recycled, and also returned right into new products. We are unbelievably excited to be becoming part of this strategic collaboration with Redwood Materials."

" Redwood is focused on steadily and relentlessly boosting recycling business economics with technology to lower the price of materials and produce a circular supply chain to power a sustainable future," said JB Straubel, Redwood Materials Founder as well as Chief Executive Officer. "By partnering with ERI, we'll be able to make sure the largest supply of e-waste batteries in the US is recycled into products to develop brand-new EVs as well as tidy energy products."

" For ERI, as always, extreme openness is essential," added Shegerian. "The critical partners with whom we work to accomplish Circular Economy objectives are not just our downstream partners, they are capitalists in our company and sit on our board. This is a paradigm that is unparalleled in the recycling industry throughout the world."