General Motors and Redwood Materials are collaborating to manufacture energy storage units from recycled electric vehicle (EV) batteries in the US. They have signed a non-binding memorandum of understanding to utilize both US-manufactured batteries and "second-life" packs from GM's vehicles. The partnership aligns with Redwood’s expansion into energy storage, aiming to support demands from new technology sectors, particularly as the rise of artificial intelligence creates significant pressure on the electrical grid. This collaboration will contribute to balancing energy distribution by leveraging renewable sources.
The two companies signed a non-binding memorandum of understanding to build energy storage out of US-manufactured batteries, as well as "second-life" EV packs from GM's vehicles.
Battery storage systems play a crucial role in balancing energy for the grid. These systems can store energy from a variety of sources, including renewables like wind and solar, releasing it when needed.
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