Redwood Materials is spearheading a groundbreaking initiative with the world's largest microgrid, built using recycled EV batteries to power an adjacent data center. This project is aimed at tackling the energy demands posed by new data centers without overloading the power grid. As the company rapidly scales its battery recycling efforts, they report a significant influx of batteries still capable of second-life applications. CEO JB Straubel, a Tesla co-founder, emphasizes the advantages of utilizing these batteries to enhance sustainability and reduce emissions in energy-intensive environments.
The amount of batteries coming back that have usable life and that are relatively more cost-efficient to deploy has ramped up dramatically in just the last year or two.
The company announced its new energy business arm at an event on June 26.
Last year, the company started commercial production of cathode active material, one key component in batteries, from recycled materials.
It's the first of a series of microgrids planned by Redwood Materials, the battery recycling company now valued at more than $5 billion.
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