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Redwood Materials launches energy storage business and its first target is AI data centers | TechCrunch

TechCrunch · 2m ago

Redwood Materials launches energy storage business and its first target is AI data centers | TechCrunch

Redwood Materials, founded by JB Straubel, has launched Redwood Energy, an energy storage business utilizing retired EV batteries. The venture aims to provide power to AI data centers, starting with partner Crusoe. At a Nevada facility, the largest North American microgrid powers a modular data center. Redwood recycles over 20 GWh of batteries annually and plans to expand storage capacity significantly. The business model addresses energy storage challenges and leverages the repurposing of EV batteries for economic and environmental benefits.

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GM teams up with Redwood Materials to power data centers with EV batteries | TechCrunch

TechCrunch · 1m ago

GM teams up with Redwood Materials to power data centers with EV batteries | TechCrunch

GM and Redwood Materials are collaborating to repurpose EV batteries for stationary energy storage, with second-life batteries already powering a microgrid in Nevada. This initiative is part of Redwood's new energy storage division, aiming to repurpose rather than recycle. The collaboration marks an expansion of an existing agreement, with Redwood recovering about 70% of used batteries in the U.S. The partnership provides GM with a hedge against fluctuating EV sales, while energy storage demand consistently grows.

Redwood Materials raises $1B to expand US battery supply chain

TechCrunch · 2y ago

Redwood Materials raises $1B to expand US battery supply chain

Battery recycling startup Redwood Materials has secured over $1 billion in a Series D funding round, valuing the company at over $5 billion. The funding will be used to expand capacity and establish a domestic battery supply chain in the US. Redwood aims to produce battery materials, like lithium and cobalt, domestically to reduce dependence on China, which currently processes a significant portion of the world's battery materials. The company's plans include recycling facilities and remanufacturing plants for cathode and anode copper foil. The funding comes after the US Department of Energy approved a $2 billion loan for Redwood.

AI data centers could be ‘distorting’ the US power grid | TechCrunch

TechCrunch · 8m ago

AI data centers could be ‘distorting’ the US power grid | TechCrunch

The increasing number of data centers supporting AI could negatively impact the US power grid, according to Bloomberg. Analysis suggests that households near data centers experience worse power distortions, potentially damaging appliances and increasing risks of electrical fires, brownouts, and blackouts. AI centers, due to their variable energy needs, exacerbate this issue, straining the grid with unexpected load fluctuations. However, some utilities dispute these findings, questioning the data's accuracy and assumptions.

Alphabet spin-off SIP launches Verrus, a data center concept built around battery 'microgrids'

TechCrunch · 1y ago

Alphabet spin-off SIP launches Verrus, a data center concept built around battery 'microgrids'

Sidewalk Infrastructure Partners (SIP), an Alphabet spinout, has launched Verrus, a concept for flexible data center energy management. Verrus incorporates "microgrids" powered by advanced batteries and software to allocate energy to specific tasks, addressing power challenges posed by cloud computing usage and AI training. The aim is to have the first three data centers operational in 2026 or 2027, with interest already shown from "hyperscalers." SIP has been developing Verrus in stealth mode for almost two years, with the project inspired by research into grid management and load shifting.

'Forget rupees or dollar': Nikhil Kamath says a silent force could take their place in 10 years - BusinessToday

Business Today

Business Today · 2m ago

'Forget rupees or dollar': Nikhil Kamath says a silent force could take their place in 10 years - BusinessToday

Nikhil Kamath envisions energy and electrons emerging as a new global currency within a decade, driven by the rising energy consumption of data centers. With data centers expected to use 10% of global energy by 2030, the growth of generative AI and data center proliferation highlights the need for cleaner energy. In the U.S. and India, electricity usage for data centers is projected to increase significantly, emphasizing the shift towards sustainable energy for technological advancements.

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch · 2m ago

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch Mobility focuses on transportation innovation, highlighting partnerships and developments in EVs, AVs, and mobility services. Recently, Rivian collaborated with Jony Ive's firm, LoveFrom, integrating creative insights into EV design. Joby Aviation and Abdul Latif Jameel consider a distribution deal for 200 aircraft in Saudi Arabia, while Uber's management shifts emphasize autonomy and technological integration. Redwood Materials exited a costly DOE loan process, opting for private funding to further its EV battery endeavors. Various startups in AI, mobility, and logistics reveal dynamic advancements in the transportation sector.

New Energy Business and emphasis on technology were key themes of Ambani’s speech

Money Control

Money Control · 1y ago

New Energy Business and emphasis on technology were key themes of Ambani’s speech

Reliance Industries (RIL) announced a 1:1 bonus issue at their 47th annual general meeting (AGM) to reward shareholders. The company's Chairman, Mukesh Ambani, outlined RIL's roadmap for future growth. Key elements include plans for the new energy business, a focus on scale for all RIL units, and the transformation of RIL into a "Deep Tech and advanced manufacturing company" through the use of Artificial Intelligence (AI) across businesses. Ambani set ambitious targets for the new energy business and highlighted RIL's plans to establish large-scale manufacturing facilities for solar PV modules, battery energy storage systems, and an AI-ready data center. Ambani also expressed confidence in doubling RIL's market cap and meeting their target of being among the world's top 50 most valuable corporations by 2022.

Here are the nuclear fission startups backed by Big Tech | TechCrunch

TechCrunch · 3m ago

Here are the nuclear fission startups backed by Big Tech | TechCrunch

Big tech companies, driven by increased demand for electricity due to AI, are turning to nuclear fission as a stable energy source for data centers. They are investing in startups developing small modular reactors (SMRs) for more flexible and safer nuclear power solutions. Companies like Kairos Power, Oklo, Saltfoss, TerraPower, and X-Energy are leading the charge with innovative designs, attracting significant funding and partnerships to meet future energy needs.

Global data centre industry to emit 2.5 billion tons of CO2 through 2030: Morgan Stanley

Economic Times

Economic Times · 12m ago

Global data centre industry to emit 2.5 billion tons of CO2 through 2030: Morgan Stanley

The booming data center industry is predicted to generate around 2.5 billion metric tons of carbon dioxide-equivalent emissions by the end of the decade, driving increased investment in decarbonization solutions. Hyperscalers like Google, Microsoft, Meta, and Amazon are rapidly expanding data centers to support AI and cloud computing technologies, while also pledging to reduce emissions by 2030. Morgan Stanley's research highlights that data centers will contribute roughly 40% of the annual emissions in the United States. Consequently, there will be increased investment in clean power development, energy-efficient equipment, green building materials, carbon capture technology, and carbon dioxide removal processes.

Mark Zuckerberg says Meta is building a 5GW AI data center | TechCrunch

TechCrunch · 1m ago

Mark Zuckerberg says Meta is building a 5GW AI data center | TechCrunch

Mark Zuckerberg announced that Meta is constructing the Hyperion AI data center, expected to provide five gigawatts of computational power, as part of its AI development strategy to compete with OpenAI and Google. Located in Richland Parish, Louisiana, it will scale up over several years. Meta also plans a 1 GW super cluster, Prometheus, by 2026. These data centers may strain local resources, highlighting growing energy demands from AI infrastructure expansion.

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