REDWOOD MATERIALS CUTS 10% STAFF FOR ENERGY STORAGE PIVOT

INDUSTRY DESK■ 1 MIN READ

WED, APR 22, 2026

■ AI-SUMMARIZED FROM 1 SOURCE BELOW

Redwood Materials is laying off 10% of its workforce as part of a restructuring effort to focus on its growing energy storage business. The battery materials company is reallocating resources to capitalize on demand in the sector.

The Nevada-based company is reorganizing teams to support expansion in energy storage, according to internal communications reviewed by TechCrunch. Redwood Materials, founded by Tesla's former chief technical officer JB Straubel, specializes in battery material recycling and production. The restructuring reflects a strategic shift toward energy storage solutions, a sector experiencing significant growth amid the global transition to renewable energy. The company has raised substantial funding to scale operations, including a $3.5 billion Department of Energy loan in 2023. The layoffs appear designed to streamline operations and redirect capital toward higher-priority business lines. Redwood Materials joins several battery and EV-related companies adjusting headcount in response to market conditions and shifting priorities. The energy storage market is projected to expand considerably in coming years as grid-scale battery deployment accelerates globally.

■ SOURCES

► TechCrunch

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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REDWOOD MATERIALS CUTS 10% STAFF FOR ENERGY STORAGE PIVOT

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