Overview

• Redwood Energy is a new division of Redwood Materials dedicated to repurposing lightly used EV batteries into large-scale energy storage systems.
• Its first deployment is a 12 MW, 63 MWh microgrid at the Tahoe Reno Industrial Center powering Crusoe’s 2,000-GPU AI data center.
• The microgrid can operate off-grid or connect to the main power network, offering cost-effective, low-carbon backup for compute facilities.
• Redwood processes over 20 GWh of end-of-life EV batteries annually, retaining more than half of their original capacity for second-life applications.
• The company plans to deploy 20 GWh of repurposed battery storage by 2028, positioning Redwood Energy as a major player in sustainable power solutions.