Redwood Energy: EV Battery Storage
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Redwood Materials launches energy storage business and its first target is AI data centers | TechCrunch
66% Informative
Redwood Materials is launching an energy storage business that will leverage the thousands of EV batteries it has collected as part of its battery recycling business to provide clean power to companies, starting with AI data centers.
Redwood Energy is the next step, one that isn’t tied to setting up its systems to be off grid.
By 2028 , the company said it plans to deploy 20 gigawatt-hours of grid-scale storage.
Redwood Materials was founded to build a supply chain that could handle the predicted wave of used EV batteries that will hit the market.
But that wave hasn't materialized quite as quickly as some predicted.
Repurposing batteries is a clear business opportunity for Redwood , but it might also be a business imperative.
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