‘Too early’ to talk IPO, Redwood Materials’ incoming CFO says
The battery-recycling and energy-storage company has hired former Tesla finance chief Deepak Ahuja, reuniting him with former Tesla CTO JB Straubel.
Redwood Materials
Redwood Materials loses COO amid layoffs, restructuring
Former Tesla executive Chris Lister is retiring, and at least three other VPs have left Redwood around the recent restructuring, TechCrunch has learned.
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.
Crusoe makes big battery buys for its data centers
Form Energy and Redwood Materials both received orders from the data center developer.
An AI data center boom is fueling Redwood’s energy storage business
Redwood Materials says its new energy storage business is the fastest growing unit within the company.
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 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.