Redwood Materials is repurposing old EV batteries into energy storage systems, offering a more cost-effective alternative to new projects, through its new division, Redwood Energy. The company, founded by Tesla’s former chief technologist, estimates it receives over 20 GWh of batteries annually, aiming to convert usable batteries into modular storage systems to support energy grid needs.
Explain It To Me Like I’m 5: Redwood Materials is turning old electric car batteries into cheaper energy storage systems to help power homes and businesses, instead of throwing them away.
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