Redwood Materials Launches Energy Storage Business, Partners with Crusoe for AI Data Centers
Redwood Materials, a battery recycling company, has announced the launch of its energy storage business, Redwood Energy. The new venture aims to provide power to companies, with a primary focus on AI data centers. This move marks the next significant step for JB Straubel, the co-founder and CEO of Redwood Materials, who invested in Crusoe, an AI infrastructure company, in 2021. The Redwood Energy business is built around the thousands of retired EV batteries collected as part[…]