$2B DOE loan to Redwood Materials could boost US EV battery content

Battery-recycling steadfast Redwood Materials whitethorn soon received a $2 cardinal indebtedness from the U.S. Department of Energy (DOE) to grow its operations. The DOE connected Thursday made a conditional committedness for the loan, which would spell toward a $3.5 cardinal recycling and remanufacturing installation successful Nevada, according to a Reuters report. The loan, which must...