Redwood Materials is expanding its operations into energy storage, targeting AI data centres as its initial market. The company plans to repurpose used EV batteries to create energy storage systems. Redwood's technology allows them to repurpose depreciated EV battery packs into stationary storage before recycling. By using these systems in high-demand applications like AI, they're building energy infrastructure that's faster, cleaner and at a lower cost.
Redwood has already constructed a 12 MW and 63 MWh capacity microgrid, which is the largest second-life battery deployment and the largest microgrid in North America. This microgrid is currently powering Crusoe's modular data centre for AI infrastructure. Redwood processes 20 GWh of batteries annually, representing approximately 90% of all lithium-ion batteries in North America.
Redwood Energy, Redwood's new business line, offers a lower-cost solution by repurposing used battery packs into modular energy storage systems, bridging today's energy demands while extending the life of EV batteries.
