Electric vehicle (EV) batteries maintain considerable functionality even after high mileage, enabling their transformation into valuable stationary energy storage systems (ESS). Redwood Materials, a leader in battery recycling, emphasizes that many used EV batteries can still possess greater than 50% of their original capacity, making them suitable for alternate applications. The launch of Redwood Energy focuses on creating these energy storage solutions for commercial purposes, leveraging the expanding market for ESS, particularly as data centers increasingly stress electricity grids and necessitate sustainable energy sources.
Even after years of use, electric vehicle batteries still retain usable capacity, allowing for their repurposing into stationary energy storage systems before recycling.
Redwood Materials' new division, Redwood Energy, aims to convert older EV batteries into modular energy storage systems, targeting the commercial sector first.
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