Redwood attracts Google for its $425M Series E as AI power needs rise

Redwood Materials Is Cashing In on Its Big Battery Bet

Amidst a two year-long slump in lithium prices, the Nevada-based battery recycling company Redwood Materials announced last summer that it had begun a new venture focused on grid-scale energy storage. Today, it’s clear just how much that bet has paid off. The company announced a $425 million round of Series E funding for the new venture, known as Redwood Energy. That came from some big names in artificial intelligence, including Google and Nvidi…

Redwood Materials lands Google as a new investor

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Redwood attracts Google for its $425M Series E as AI power needs rise

Google is the latest investor to back Redwood Materials as the battery recycling startup scales a new energy storage venture to power AI data centers and other industrial sites.