Redwood Materials Domestic EV Battery Supply Chain Case Study

This case study examines Redwood Materials' initiative to establish the first domestic supply chain for electric vehicle (EV) batteries, addressing the challenges posed by overseas production of critical components such as cathodes and anodes. The document outlines how Redwood Materials aims to recycle, refine, and remanufacture end-of-life EV battery materials within the United States, a process that is both costly and complex. To support this endeavor, Redwood has partnered with T. Rowe Price, which provides not only capital but also industry-specific expertise. The case study details how T. Rowe Price's investment has enabled Redwood to build its engineering teams, fund operations, and expedite product delivery to battery manufacturers. Additionally, it highlights Redwood's growth trajectory, including its operational campus in northern Nevada and a new facility under construction in South Carolina. The document concludes with insights on Redwood's vision to transition towards sustainable energy solutions and its reliance on T. Rowe Price as a key partner in this mission.