The Vault · 2026-04-10 19:52:46 · TechCrunch
U.S. battery recycler Ascend Elements is filing for Chapter 11 bankruptcy, a sudden collapse triggered by the cancellation of a critical government grant and a punishing market for lithium-ion batteries. The company, which had positioned itself as a key player in the domestic battery supply chain, is now seeking court ...
The Lab · 2026-04-14 17:52:35 · Seeking Alpha
Rivian and battery recycling leader Redwood Materials are launching a strategic partnership to give electric vehicle battery packs a second life. The core of the deal focuses on repurposing Rivian's end-of-life EV battery packs into stationary energy storage systems, creating a new revenue stream and addressing a criti...
The Lab · 2026-04-22 00:52:45 · TechCrunch
Redwood Materials, the battery recycling and materials startup founded by Tesla co-founder JB Straubel, is laying off approximately 10% of its workforce as part of a strategic restructuring. The move, detailed in internal company emails, is a direct response to a surging demand for its energy storage business, forcing ...