Redwood Materials has launched a new division, Redwood Energy, to address the increasing energy demands of AI-driven data centers. The company repurposes used lithium-ion batteries, which still retain 50-80% of their capacity, into energy storage systems. With data centers rapidly expanding, their need for sustainable energy solutions is crucial. Redwood processes over 20 GWh of used batteries annually, making it well-positioned to capture the value of these batteries before recycling. This initiative aims to support both environmental goals and the energy requirements of the burgeoning AI industry.
This is where JB Straubel's startup Redwood Materials is turning a vast hoard of old batteries into valuable ingredients that power electric vehicles and other new devices.
Redwood has taken the hint from its big neighbors. On Thursday, the startup unveiled a new business called Redwood Energy to help power the AI boom by repurposing used batteries into energy storage systems.
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