NVIDIA's venture capital arm, NVentures, participated in a $350 million funding round for Redwood Materials, a battery recycling company founded by former Tesla executive J.B. Straubel. The investment underscores the growing concern over the massive energy consumption required by AI data centers and represents a strategic move by NVIDIA to address this critical bottleneck for future growth in the AI sector. The fundraise is intended to help Redwood expand its energy-storage business, which aims to provide low-cost, large-scale battery storage solutions. This is particularly relevant as the global power demand from data centers is projected to increase significantly by 2030. NVIDIA's investment highlights the company's focus on the entire AI ecosystem, extending beyond hardware to the foundational infrastructure required to power it.