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.
battery recycling
Battery recycler Ascend Elements files for bankruptcy
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
Trump DOE confirms it’s canceling over $700M in manufacturing grants
The Department of Energy said it was canceling grants to build new factories in places like Alabama and Kentucky. Three startups are affected.
GM teams up with Redwood Materials to power data centers with EV batteries
GM will send batteries — new and old — to Redwood Materials, which will assemble them into large packs capable of supporting data centers and the grid.