GM collaborates with Redwood Materials to recycle both new and old EV batteries for stationary energy storage. Redwood's energy storage division, launched in June, focuses on using repurposed batteries to create large systems that store excess renewable energy. A microgrid at Redwood's headquarters, powered by repurposed battery packs, supplies energy to a nearby data center. Redwood plans to deploy 20 gigawatt-hours of energy storage by 2028 and asserts its ability to integrate diverse battery packs gives it a competitive edge in the growing market.
Redwood's new energy storage division, launched in June, focuses on repurposing EV batteries for grid-scale storage. Batteries are kept intact to form large storage systems for solar energy.
GM is providing new and old EV batteries to Redwood Materials, which repurposes them for stationary energy storage, including a microgrid that powers a data center.
JB Straubel, Redwood co-founder, stated that this energy storage initiative could grow faster than its core recycling business, with plans to deploy 20 GWh by 2028.
Redwood's ability to integrate various battery packs gives it an advantage in the market over competitors. The company has established a significant operational footprint in battery recovery.
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