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The European Green Deal, approved in 2020, is a set of policy initiatives by the European Commission with the overarching aim of making the European Union (EU) climate neutral in 2050. The plan is to review each existing law on its climate merits, and also introduce new legislation on the circular economy, building renovation, biodiversity, farming and innovation.
Redwood Materials, Inc. is an American company headquartered in Carson City, Nevada. The company aims to recycle lithium-ion batteries and produce battery materials for electromobility and electrical storage systems. Redwood Materials was reported to have a valuation of about $3.7 billion as of July 2021.
Skeleton Technologies is an energy storage developer and manufacturer for transportation, grid, automotive, and industrial applications. Skeleton uses a patented raw material, curved graphene, to produce solutions for the energy storage market, including high-power supercapacitors and high-energy solid-state batteries.
The electric vehicle supply chain comprises the mining and refining of raw materials and the manufacturing processes that produce lithium ion batteries and other components for electric vehicles. The lithium-ion battery supply chain is a major component of the overall EV supply chain, and the battery accounts for 30%-40% of the value of the vehicle. Lithium, cobalt, graphite, nickel, and manganese are all critical minerals that are necessary for electric vehicle batteries. There is rapidly growing demand for these materials because of growth in the electric vehicle market, which is driven largely by the proposed transition to renewable energy. Securing the supply chain for these materials is a major world economic issue. Recycling and advancement in battery technology are proposed strategies to reduce demand for raw materials. Supply chain issues could create bottlenecks, increase costs of EVs and slow their uptake.
References
- ↑ "European Battery Alliance". www.ec.europa.eu. European Commission. Retrieved 13 November 2019.
- ↑ "The European Battery Alliance is moving up a gear". www.energypost.eu. Energy Post. 24 May 2019. Retrieved 24 May 2019.
- ↑ "European Battery Alliance (EBA)". www.eba250.com. EBA250. Retrieved 13 November 2019.
- ↑ "Europe pushes plan to build a gigafactory to rival Tesla, China on electric-car batteries". Los Angeles Times . 7 February 2020. Retrieved 10 February 2020.
- ↑ "European battery alliance launched in Brussels". www.ec.europa.eu. Europa.eu. Retrieved 13 November 2018.
- ↑ "European battery alliance launched in Brussels". www.euractiv.com. Euractiv. 12 October 2017. Retrieved 13 November 2019.
- ↑ EU to launch raw materials alliance
- ↑ New EU alliance aims for strategic autonomy on key raw materials
- ↑ EIT RawMaterials will manage newly launched European Raw Materials Alliance