Tossed between two huge buildings in the Nevada desert hills, 805 retired EV batteries are located in an elegant configuration, each of which is wrapped with unwanted white fabrics – and is hidden in sight.
A passer -by may not realize that he is the largest MicroGRID in North America, and it occupies the GPU 2000 data center for Crusoe Crusoe, or co -founder of Redwood Materials and CEO of JB Straubel.
Redwood Materials was announced on Thursday during an event in its sparks, the Nevada facility, and it launches a power storage company that will benefit from thousands of EV batteries that it collected as part of its batteries to provide clean energy to companies, starting with artificial intelligence centers.
New works, called Redwood Energy, launched with Crusoe partner. Old EVS storage, which is not ready for recycling, the energy generated by a adjacent solar set. From here, the system, which generates 12 megawatts and with 63 MW per hour, sends energy to a standard data center designed by Crusoe, an Amnesty International Infrastructure Company, which is famous for the widespread database campus in Abeleen, Texas, the first location of the Stargate project.
Redwood said it recovers more than 70 % of all the batteries used or neglected in North America. It seems that the batteries that are not ready to recycle are stored, with more than one hour of gigs in their stock already. In the coming months, you expect another 4 gigawatts.
By 2028, the company said it plans to spread a storage capacity of 20 GB networks, which places it on the right track to become the largest recycling of the EV battery packages used.
To clarify Redwood’s commitment – thus Straubel – the entire event of the company was from the lights and DJ to the food and the big screen, supported by MicroGrid.
“We wanted to enter everything,” said Straubel. The wonderful effects of this event aside, the MicroGrid that was prepared with Crusoe is not a demonstration project. This is the process of generating revenue, which is a profitable process. More than that will be published with other customers this year.
“I think this has the ability to grow faster than the basic recycling,” he said.
Redwood material has been rupture in recent years. The company that sparked $ 2 billion in private fundsFounded in 2017 by Straubel, former Tesla Cto and the current member of the Board of Directors to create a circular supply chain.
The company started recycling scrap from the production of battery cells as well as consumer electronics such as cell phone batteries and laptops. After treating these neglected goods and extracting materials such as cobalt, nickel and lithium that are usually mined, Redwood provides these to Panasonic and other customers. But the company expanded beyond recycling and cathode production. Redwood was born 200 million dollars in revenue In 2024, many of this comes from selling battery materials such as cathode.
A fingerprint has also grown, and its headquarters began in Carson, in Nevada, where the deals were closed with Toyota, Panasonic, and Jurral Motors, to build on A. South Carolina FactoryAnd Make the acquisition In Europe.
Redwood Energy is the next step, a step that is not associated with creating its systems to be outside the network. Retired EV batteries can be turned on wind and solar energy, or can be connected to the network. In the case of the Crusoe project, it is run by Solar.
“There is no green intention required here,” said CTO Colin Campbell on a MicroGRID tour. “It is a good economic option that also happens to be carbon -free.”
For more than a decade, the companies had promised to build a network scale storage from the EV batteries used, but they were only achieved in small quantities. Redwood, which has started to start battery materials and a recycling company, creates a new business line that connects Gigawatts from the energy storage that is needed in just a few years.
“This really shows the actual waste of waste hierarchy,” said Jessica Den, a battery expert in the Union of Interest Scholars, to Techcrunch. She added that the large recycling, such as Redwood, realized the capabilities of profit in the EV batteries, where this life market will go. “
Redwood was established to create a supply chain that can handle the expected wave of the UV batteries that will reach the market. But that wave was not achieved at the same speed as some foretold.
The reshaping of the batteries is a clear job opportunity for Redwood, but they may also be a need to work.
“If Redwood does not enter the replacement market, they will not get a restarting battery. They will have to wait for a period of five and ten years or 15 years until they retire.” She said. Meanwhile, other companies will be able to sell batteries to store the network, cutting Redwood from years of revenue.
Straubil admitted this, noting in an interview that in many ways, Redwood materials began a little early.
“We really started early, and in a very early early time,” he said, noting that the company was collecting consumer batteries and production sculptures before the coming wave of EVS.
“At the present time, the recycling market is often the manufacture of scrap, consumer electronics and EV batteries that failed under the guarantee,” Den said. It was sufficient for Redwood to process more than 20 Gigawatt Haws annually, but it diminishes compared to 350 Gigawatt Hics in EVS today, and is expected to reach the 150 Gigawat Consal road every year.
Redwood currently has a recycling facility on its 175 -acre university campus in Sparks, Nevada, and is developing a 600 acres attached In Charleston, South Carolina. The latter will re -manufacture cathode and copper chips, both of which contain critical minerals that the United States prefers within its limits.
The company previously stated that it will be able to make 100 gigawatts an hour annually from the active materials of cathode and animal chips by the end of this year. By the end of the contract, you expect production to reach 500 GB.
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