Over the Next Decade in Nevada, Advanced Energy Tax Credits Will Generate:
$33B New Private Sector Investments
$16B New Manufacturing Investments
Redwood Materials Battery Recycling Factory
- Status: Operational and Expanding
- Location: Sparks, NV (Washoe County)
- Congressional District: Nevada 2nd
- Technologies: Battery and Critical Minerals Recycling and Processing
- Relevant Tax Provision(s): Manufacturing Production Tax Credit (45X)
- Fast Facts:
- Redwood Materials employs roughly 1,600 workers across its battery recycling operations and is expected to create 3,400 good-paying construction jobs as its operations expand throughout Nevada and South Carolina.
- Redwood has made over $1.1 billion in investments in the State of Nevada and plans to generate over $183 million in tax revenues over the next 20 years.
- At full capacity, Redwood plans to produce 100 GWh of battery materials per year, enough to power more than one million electric vehicles. Redwood is onshoring crucial parts of the advanced energy supply chain and helping make America competitive on the global critical minerals stage.
Nextracker Las Vegas Factory
- Status: Operational
- Location: Las Vegas, NV (Clark County)
- Congressional District: Nevada 3rd
- Technology: Solar Tracker and Mounting
- Relevant Tax Provisions:
- Manufacturing Production Tax Credit (45X)
- Domestic Content Adder
- Fast Facts:
- Nextracker’s American-made solar trackers are the first in the nation to achieve 100% domestic content value.
- Together, Nextracker’s Nevada factories will be able to support components for more than 2 GW of solar power, equivalent to 400,000 U.S. homes.
- Since 2021, Nextracker has opened more than 20 American manufacturing facilities, creating thousands of jobs across the country.
Rhyolite Ridge
- Status: Permitting Approved
- Location: Esmerelda County, NV
- Congressional District: Nevada 4th
- Technology: Advanced Critical Minerals Mining and Processing
- Relevant Tax Provision: Manufacturing Production Tax Credit (45X)
- Fast Facts:
- Ioneer’s Rhyolite Ridge project will be one of America’s first advanced, low-cost lithium mining projects. Sourcing domestic lithium is crucial to American energy security and dominance as demand for critical minerals has increased in recent years.
- Ioneer will provide 400-500 construction jobs and 250-300 jobs once fully operational. The project will generate $15-25 million in public revenues throughout its construction phase and as much as $31 million in annual revenues once fully operational.
- Rhyolite Ridge contains enough lithium to power 50 million electric vehicles and will bolster America’s critical mineral supply chains.