Category: Business

BusinessEnergyManufacturing

Redwood Materials Secures $350M Funding to Expand Grid Battery Production Amid AI Power Demand

The Nevada-based battery recycler and materials supplier has raised fresh capital to accelerate its energy storage business as electricity demand from AI data centers surges. The funding round was led by Eclipse with participation from Nvidia’s investment arm.

Major Funding for Domestic Battery Production

Redwood Materials, a prominent battery recycler and materials supplier, has reportedly secured $350 million in new funding to expand its grid-scale energy storage operations, according to company statements. The funding comes as electricity demand, particularly from artificial intelligence data centers, continues to surge across the United States.

by Darren Holt
BusinessGovernmentTechnology

UK Competition Watchdog Grants Itself Enhanced Authority Over Tech Giants’ Mobile Ecosystems

The UK’s Competition and Markets Authority has designated Apple and Google’s mobile platforms with strategic market status, granting itself new regulatory powers. This move could lead to significant changes in how app stores, browsers, and mobile ecosystems operate in Britain’s digital markets.

UK Regulator Asserts New Powers Over Mobile Platforms

The United Kingdom’s competition watchdog has significantly expanded its regulatory authority over technology giants Apple and Google, according to reports from industry analysts. The Competition and Markets Authority (CMA) has officially designated both companies’ mobile platforms with “strategic market status,” a move that sources indicate will enable more direct intervention in their business practices.

by Ryan Holbrook