Redwood Materials lays off 10% in restructuring to chase energy storage business
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
Batteries
The best AI investment might be in energy tech
Power has become one of the biggest bottlenecks in rolling out new AI data centers. That’s creating an opening for investors.
Google paid startup Form Energy $1B for its massive 100-hour battery
The deal paves the way for Form Energy to raise a new funding round before potentially going public next year.
Google’s new 1.9GW clean energy deal includes massive 100-hour battery
Form Energy’s iron-air batteries will store wind and solar power to keep the data center running 24/7.
Tesla’s energy storage business is growing faster than any other part of the company
Energy storage products like the Megapack, Megablock, and Powerwall drove
Fourth Power’s sci-fi thermal batteries could be cheaper than pricey natural gas power plants
Fourth Power has raised $20 million to build a demonstration version of its thermal batteries, which ultimately could store electricity at $25 per kWh.
Tesla’s energy storage business gets sucked into the company’s downward spiral
For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined.