Redwood Materials is giving old EV batteries a second life as microgrids

Redwood Materials is repurposing old EV batteries into energy storage systems that cost “substantially less” than brand new storage projects, the company said Thursday.

The electric vehicle battery recycling and manufacturing venture, which was founded by Tesla’s former chief technologist, has created a new division called Redwood Energy to manage these projects. The aim is to divert “depreciated but functional” EV batteries from the recycling stream and repurpose them into “low-cost...