Nvidia is backing a former Tesla executive's bid to drive low-cost energy

Core Insights - Redwood Materials aims to address the increasing demand for energy driven by artificial intelligence through the recycling of electric vehicle batteries [1] Company Overview - Redwood Materials is focused on creating a sustainable supply chain for battery materials by recycling used electric vehicle batteries [1] - The company is positioning itself to capitalize on the growing market for energy storage solutions as AI technologies expand [1] Industry Context - The demand for energy storage is expected to rise significantly due to advancements in AI and electric vehicle adoption [1] - Recycling electric vehicle batteries is becoming increasingly important for meeting energy needs and reducing environmental impact [1]