Nvidia Invests in $6 Billion Battery Recycler to Fuel AI Energy Demands
Nvidia’s venture arm joins a major funding round for Redwood Materials, the battery recycling firm founded by Tesla cofounder JB Straubel. The investment aims to tackle energy constraints in AI data centers by converting recycled batteries into grid storage systems, according to reports.
Strategic Investment in Sustainable Energy
Nvidia’s venture capital division has participated in a $350 million funding round for Redwood Materials, according to sources familiar with the deal. The investment reportedly values the battery recycling company at over $6 billion and signals a strategic move to address the growing energy demands of artificial intelligence infrastructure.
