Redwood Materials unveils energy storage venture
Redwood Materials is giving retired electric car batteries a second life by turning them into energy storage for businesses.
Their first big project? Powering Crusoe, an AI data center in Nevada, with a microgrid made from 805 recycled battery packs and solar panels.
Together, they deliver enough clean energy to run thousands of high-powered GPUs.
How the microgrid works
By mixing used EV batteries with solar power, Redwood Energy's microgrid provides reliable, carbon-free electricity.
It's strong enough to support 2,000 graphics processors at Crusoe's site—and the whole system is already profitable.
Redwood's plans for the future
Redwood Materials currently recycles over 70% of North America's thrown-out lithium-ion batteries and wants to hit 20 gigawatt-hours of grid-scale storage by 2028.
They're already processing over 20 GWh of batteries each year and scaling up fast.
Benefits of repurposed battery storage
Repurposed battery storage like this is cheaper than brand-new grid batteries, and it's flexible enough for growing tech needs.
With lots of old EV batteries ready to reuse and more projects on the way, Redwood could help shape how we power various sectors sustainably.