Redwood attracts Google for its $425M Series E as AI power needs rise
Google is the latest investor to back Redwood Materials as the battery recycling startup scales a new energy storage venture to power AI data centers and other industrial sites.
Redwood Materials
Redwood Materials reportedly cuts 5% of staff after $350M raise
The battery recycling and cathode production company, founded by former Tesla CTO JB Straubel, has started using recycled battery materials to create energy storage solutions for AI data centers.
How much of the AI data center boom will be powered by renewable energy?
According to a new report from the International Energy Agency, the world will spend $580 billion on data centers this year — $40 billion more than will be spent finding new oil supplies.
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.