AI Data Center Boom Drives Redwood Materials' Energy Storage Business Growth

Summary

Redwood Materials, the battery recycling and materials company founded by former Tesla CTO JB Straubel, reports that its energy storage business has become the fastest-growing unit within the company, driven largely by demand from AI data center developers. The company highlights that data center operators face five-plus year wait times for grid connections, creating urgent demand for alternative energy storage solutions to power new facilities amid the intensifying AI infrastructure race. Redw