Redwood Materials has a new business: Helping AI data centers avoid America's backed-up electric grid

JB Straubel, co-founder and chief executive officer of Redwood Materials.Bloomberg/Getty ImagesRedwood Materials wants to help AI data centers get electricity faster.It plans to combine retired EV batteries with solar and other on-site power sources.Redwood is working with Rivian and has built a battery system for Crusoe in Nevada.Redwood Materials wants to help companies sidestep years-long waits for electricity by building on-site energy systems with recycled EV batteries, according to CEO JB