Redwood Materials
Coverage of Redwood Materials in the Nexus archive.
- AI's power crunch could get a boost from old EV batteries
Redwood Materials is repurposing used electric vehicle (EV) batteries for electricity storage to address rising power demands from AI data centers. The company estimates 1 terawatt-hour of used EV battery capacity could be available in the US by 2040, with second-life batteries potentially supplying half of the country's energy storage demand in the early 2030s.
- America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
General Motors is positioning itself as a distributed utility by leveraging bidirectional EV charging, grid-scale sodium-ion battery storage, and partnerships with energy companies to address U.S. grid instability caused by extreme weather, aging infrastructure, and AI-driven energy demand. The initiative includes pilot programs with DTE Energy and Pacific Gas & Electric, as well as collaborations with Peak Energy and Redwood Materials for stationary storage solutions.
- Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
Tesla cofounder JB Straubel warns the U.S. grid struggles to meet energy demands from AI and data centers as China rapidly expands power generation. Redwood Materials and General Motors partner to use recycled EV batteries for energy storage, while Voltus focuses on optimizing grid capacity through demand response solutions.
- Former Tesla CFO Deepak Ahuja joins EV battery recycler Redwood Materials
Deepak Ahuja, former Tesla CFO, has joined Redwood Materials as a key team member. Before joining Redwood Materials, Ahuja served at Zipline, a drone delivery startup. Ahuja's experience is expected to benefit Redwood Materials in EV battery recycling.
- ‘Too early’ to talk IPO, Redwood Materials’ incoming CFO says
Redwood Materials has hired Deepak Ahuja as its incoming CFO, reuniting him with former Tesla CTO JB Straubel. The company is a battery-recycling and energy-storage firm. Ahuja is a former Tesla finance chief.
- Redwood Materials loses COO amid layoffs, restructuring
Redwood Materials is undergoing layoffs and restructuring, leading to the departure of COO Chris Lister, a former Tesla executive, and at least three other vice presidents.
- Redwood Materials lays off 10% in restructuring to chase energy storage business
Redwood Materials is restructuring its teams, leading to a 10% workforce reduction, to focus on expanding its energy storage business. This move is aimed at capitalizing on the growing demand in the energy storage sector.