Reported about 12 hours ago
Redwood Materials has introduced an energy storage business, Redwood Energy, utilizing retired EV batteries to support AI data centers, beginning with a partnership with Crusoe. This innovative setup is part of a larger strategy to capitalize on the company's vast collection of used batteries, which it processes and repurposes to generate sustainable power. The company aims to roll out significant grid-scale storage solutions, potentially surpassing its core recycling operations in growth, while addressing a key challenge in the energy storage market.
Source: YAHOO