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Neutral
Optimistic
Positive
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- Last Updated
- 23 hours ago
- Bias Distribution
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GM, Redwood Materials Sign MoU to Develop US Battery Storage Systems
General Motors (GM) and Redwood Materials have signed a non-binding memorandum of understanding to accelerate the deployment of stationary energy storage systems using both new US-manufactured batteries and second-life EV battery packs from GM. This partnership aims to meet the surging electricity demand driven by AI data centers and widespread electrification, emphasizing the need for fast, economical, and domestically produced energy storage solutions. GM's second-life batteries are already powering the largest second-life battery development and microgrid in North America at Redwood's 12MW/63MWh installation in Sparks, Nevada, which supplies energy to an AI infrastructure company. Redwood Materials recently launched Redwood Energy, a business unit focused on assembling low-cost stationary energy storage systems to address growing power needs. Both companies highlight that expanding grid-scale battery and backup power infrastructure is essential for energy resilience and that domestic production plays a critical role in meeting future energy challenges. This collaboration also builds on previous agreements involving battery recycling and cell production at GM's Ohio facility, underscoring a comprehensive approach to battery lifecycle management and energy storage solutions.

- Total News Sources
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- 0
- Unrated
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- Last Updated
- 23 hours ago
- Bias Distribution
- 100% Left
Negative
23Serious
Neutral
Optimistic
Positive
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