Article

Redwood Materials has successfully raised $425 million in its Series E funding round, with participation from new investor Google, alongside Capricorn and Goldman Sachs. The funds will be used to enhance Redwood's energy storage solutions and recycling operations, addressing the growing electricity demand driven by AI and electrification. This investment aligns with Google's commitment to achieving carbon-free energy by 2030 and highlights the increasing role of tech companies in the energy storage sector.