U.S.-based Redwood has closed a $350 million Series E financing round led by Eclipse Ventures with participation from NVIDIA’s investment arm, NVentures. This new capital infusion will accelerate the development of Redwood’s large-scale energy storage systems and strengthen the production of critical battery materials in the United States.
Growing demand for energy storage
Redwood is committed to a domestic production chain that guarantees stability and sustainability. Its operations are focused on both the refining of materials and the development of energy solutions for data centers, power gridspower grids and high-demand industries.
The need for energy-efficient storage has intensified with the rise of artificial intelligence artificial intelligence factories and the growth and the growth of data processing centers. The company is positioned as a key supplier of modular, scalable, U.S.-made systems that reduce dependence on imported batteries and improve integration with renewable sources such as solar and wind.
A vision of technological independence
The company is in the midst of expanding its industrial capacity, adding talent to its engineering and operations teams. This strategy is aimed at consolidating U.S. leadership in storage technologies and laying the foundations for an economy less exposed to geopolitical tensions in global mineral supply.
The participation of actors such as NVentures highlights the central role that energy plays in the digital transformation, where electrical availability is already as critical a resource as the AI chips themselves.
Source and photo: Redwood
