Redwood Materials: $350M to Power AI with Old Batteries
Update: 2025-10-23
Description
Redwood Materials just scored $350 million to supercharge its energy storage business, with Nvidia backing the battery recycling giant's move to power AI data centers using repurposed EV batteries. Founded by a Tesla alum, Redwood is tackling the surging demand for sustainable power, aiming to deploy 20 gigawatt-hours of battery storage by 2028 and lead the charge in the digital age.
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