GM and Redwood Materials to pursue use of U.S.-built batteries for energy storage
United States, July 17 -- General Motors has signed a non-binding memorandum of understanding with Redwood Materials meant to accelerate deployment of energy storage systems using both new U.S.-manufactured batteries from GM and second-life battery packs from GM electric vehicles.This collaboration marks a significant step toward taking GM's advanced battery technology beyond EVs and builds on GM and Redwood's existing collaboration. In June, Redwood Materials launched Redwood Energy, a new business that deploys both used EV packs and new modules into fast, low-cost energy-storage systems built to meet surging power demand from AI data centers and other applications. The memorandum announced today enables Redwood to pair that integration ex...
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