-- Rivian Automotive (RIVN) and Redwood Materials said Tuesday they are partnering to deploy battery energy storage at Rivian's manufacturing facility in Normal, Illinois.
They will initially provide 10 megawatt-hours of dispatchable energy to cut cost and grid load during peak demand with over 100 second-life Rivian battery packs, according to the release.
Rivian will supply EV battery packs to Redwood, who will integrate them into a Redwood Energy system, it said.
Price: $16.09, Change: $+0.19, Percent Change: +1.21%