WASHINGTON (AP) — A Nevada company that recycles batteries for electric vehicles has won a $2 billion green energy loan from the Biden administration.
Redwood Materials, a recycling venture founded by the former chief technology officer at Tesla, secured a conditional loan from the Energy Department's Advanced Technology Vehicles Manufacturing program, which helped Tesla more than a decade ago.
Energy Secretary Jennifer Granholm was set to tour Redwood's facility in Nevada with Nevada Gov. Joe Lombardo on Thursday.
