Rivian and Redwood Materials Announce Energy Storage Partnership
Rivian and Redwood Materials have announced a partnership to deploy an energy storage system using second-life EV battery packs at Rivian's assembly plant in Normal, Illinois. The system will provide 10 megawatt-hours of energy to reduce utility costs and grid demand during peak times. The collaboration aims to repurpose EV batteries into dispatchable energy resources, supporting industrial growth and reducing strain on the grid.
Tickers: $RIVN
Topics: battery recycling energy storage EV manufacturing partnerships sustainability