Nvidia Backs Battery Recycler Redwood Materials in Major Energy Storage Push
Nvidia has reportedly invested in battery recycling firm Redwood Materials as part of a $350 million funding round. The move signals a strategic focus on solving energy bottlenecks for data centers powering AI technologies.
Strategic Investment in Sustainable Energy
Nvidia, having recently reached a $4 trillion market capitalization, is expanding its investment portfolio through NVentures into unexpected sectors, according to reports. The latest beneficiary is Redwood Materials, a battery recycling company that just secured $350 million in new funding. This investment highlights a growing corporate focus on addressing energy constraints in artificial intelligence infrastructure.