Energy Storage News•2 months ago
US battery materials and BESS firm Redwood raises US$350 million Series E
- •Redwood Materials secured US$350 million in Series E funding to significantly scale its critical battery materials and energy storage businesses.
- •This investment signals a strengthening domestic supply chain for battery components, potentially leading to increased availability and more competitive pricing for BESS projects.
- •The expansion of battery materials and energy storage operations supports accelerated deployment of BESS, offering enhanced grid flexibility, resilience, and new opportunities for developers and large power consumers.
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