보관된 글 — US — techcrunch
Redwood Materials raises another $350M to power up its energy storage business
Redwood Materials raised $350M in Series E funding to expand its energy storage business, fueled by the AI data center demand. The investment, led by Eclipse and involving NVentures, aims to enhance material production and recycling efforts for EV batteries. With a valuation around $6 billion, Redwood plans to utilize retired EV batteries to support renewable energy systems and achieve 20 GWh of storage by 2028.
핵심 정리
- Redwood Materials raised $350 million in Series E to grow its energy storage business.
- Funding led by Eclipse, with strategic investment from Nvidia's NVentures.
- Current valuation is approximately $6 billion.
- Funds will expand energy storage and refine materials production capacity.
- Company was founded in 2017 by JB Straubel, focusing on battery recycling.
- Redwood Energy uses repurposed EV batteries to power AI data centers and industrial sites.
- Over 70% of used batteries in North America are recovered by Redwood.
- New goal: to deploy 20 GWh of grid-scale storage by 2028.
왜 중요한가
- In 2023, the demand for energy solutions supporting AI and data centers has surged.
- Battery recycling and repurposing align with sustainability trends and the circular economy.
- The increase in EV adoption creates a surplus of batteries, poised for reuse in renewable energy.
- This funding round reflects a broader trend of significant investments in clean tech and renewable resources.
Redwood Materials is positioning itself as a leader in energy storage by capitalizing on the surplus of EV batteries and tapping into the growing demand from AI data centers, heralding a significant step towards sustainable energy solutions and recycling initiatives.