Redwood Materials: $350M to Power AI with Old Batteries

Redwood Materials just scored $350 million to supercharge its energy storage business, with Nvidia backing the battery recycling giant's move to power AI data centers using repurposed EV batteries. Founded by a Tesla alum, Redwood is tackling the surging demand for sustainable power, aiming to deploy 20 gigawatt-hours of battery storage by 2028 and lead the charge in the digital age.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.