4.6 • 1.6K Ratings
🗓️ 30 November 2024
⏱️ 27 minutes
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0:00.0 | exchanges the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy |
0:07.4 | exchanges between the leading minds at Goldman Sachs new episodes every week listen now |
0:14.2 | j b straubel has been called one of the brains behind Tesla's success. |
0:22.6 | Now, he is attempting to use what many would see as trash to power the electric car revolution. |
0:29.6 | Though founded just a few years ago, his company Redwood Materials is already recycling 20 gigawatt hours of lithium ion batteries each year. |
0:40.9 | That's roughly equivalent to what would be found in 250,000 electric cars. |
0:47.3 | The elements they are pulling out of those batteries, not out of the ground, are helping the |
0:51.8 | company generate cash by selling materials such as lithium |
0:55.5 | and nickel back into the battery supply chain. |
0:59.2 | It feels a bit like we are inventing the next generation of refineries, so to speak. |
1:06.5 | Straubel speaks softly, but don't let that deceive you. |
1:09.2 | He says Redwood is on track for about $200 million |
1:11.4 | in revenue this year. And he imagines a day when all electric cars are running on recycled batteries, |
1:17.8 | and recycled batteries are supplying materials that go into everything in our lives, |
1:22.4 | from a greatly expanded power grid to every consumer gadget in our homes, Appliances, power tools, our cell phones. |
1:29.5 | In that future, he sees a world where humanity no longer has to pursue the messy, destructive |
1:34.0 | process of extracting these materials from the earth. |
1:37.6 | If anyone can pull this off, Straubel may be able to. |
1:41.5 | He spent 15 years at Tesla, where his contributions were so great he was |
1:46.1 | considered a co-founder. He was Elon Musk's battery guy. And now he is on the company's board. |
1:53.1 | While at Tesla, Straubel learned firsthand the challenges of disrupting industries, long days, hard work, |
1:59.4 | incredible optimism. Now he's applying what he learned from |
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