Battery recycler Ascend Elements files for bankruptcy
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
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Redwood Materials lays off 10% in restructuring to chase energy storage business
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
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Waymo’s spent robotaxi batteries will be used as grid storage
The company announced a deal with B2U Storage Solutions to repurpose the battery packs as Waymo pulls them off the road.
