Group14 lands 3M from SK, Porsche, and others to make silicon anodes for EVs

Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs

Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S….

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GM teams up with Redwood Materials to power data centers with EV batteries

GM teams up with Redwood Materials to power data centers with EV batteries

GM is sending new and old EV batteries to recycler Redwood Materials, which then repurposes the packs for stationary energy storage, the two companies announced today. Second-life batteries from GM have already made their way through Redwood’s process and into a 12 megawatt microgrid at the company’s Sparks, Nevada, headquarters. Electricity from that installation then…

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