In Sparks, Nevada, Sequoia Materials is working to rejuvenate retired electric vehicle batteries to power data centers. In the desert on the outskirts of the city, an industry-first solar microgrid system is exploring a new use for retired electric vehicle batteries. The microgrid is located in the headquarters of Sequoia Materials, a battery recycling company valued at $6 billion, and found that there is potential for reuse in the tens of thousands of electric vehicle battery packs recycled each year. Most of these batteries still have plenty of power and can significantly reduce the cost of energy storage. Carl Langton, the company's chief commercial officer, said: "The cost of building an energy storage system in this way is almost half that of a conventional solution."
In July last year, Sequoia Materials cooperated with data center developer Crusoe to officially launch the new energy business and enable the microgrid. Currently, the system is powering the "graphics processor as a service" (GPUaaS) business provided by Crusoe Cloud. It is reported that Sequoia Materials currently has a number of larger projects in progress.