Strategy

Redwood Materials loses COO amid layoffs, restructuring

Redwood Materials ditches generalist battery recycling for grid storage focus, cutting 10% of staff and losing its COO as it pivots toward partnerships with Rivian and Crusoe for refurbished battery supply.

Thursday, April 23, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline

Redwood Materials' COO Chris Lister is retiring amid a 10% workforce reduction (~135 employees) and company restructuring. The battery recycling and energy storage company is pivoting to focus on grid storage, signing partnerships with Rivian and Crusoe to provide refurbished batteries. Other executives have also departed recently.

Read original at TechCrunch

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