The latest round of funding builds on a $2 billion federal loan and $1 billion in previous investments. | Redwood Materials
Battery recycler Redwood Materials is not slowing down its plans to keep building out its recycling capacity, and recently netted $1 billion in equity funding.
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An Amazon-affiliated upcoming Antrim Township, Pa. location will hire up to 500 workers to process electronics from data centers. | Sergei Elagin/Shutterstock
One of Amazon’s subsidiaries is planning a 550,000-square-foot data center decommissioning facility in Pennsylvania, slated to come on-line in spring of 2024. Continue Reading
Supporters of SB 244 held a rally for the bill’s passage on Aug. 22 | Courtesy of CALPRIG
After years of pushing back against bills that would grant consumers the right to repair electronics, Apple announced it supports an amended version of one such bill currently in play in California. Continue Reading
In spite of depressed resale prices in China, Sims Lifecycle Services reported a large increase in electronics resold during the 2023 fiscal year. | Andrii Yalanskyi/Shutterstock
Low used electronics pricing in China, margin compression and inflation conspired to cut Sims Lifecycle Services’ profits in half during the 2023 fiscal year, executives said. Continue Reading
Iron Mountain and Envela Corporation recently released second-quarter earnings results, providing insight into electronics reuse and recycling markets. | iQoncept/Shutterstock
Low prices for electronic components continue to dampen Iron Mountain’s data center decommissioning business. Meanwhile, a group of ITAD and e-scrap companies boosted their profit margins even amid a slowdown in business. Continue Reading
Over half of respondents reported plans for investments of more than $500,000, indicating an uptick in market optimism among electronics recyclers. | Polarpx/Shutterstock
Likely hesitant due to difficult markets in the first quarter, ITAD industry players were fairly conservative in their capital expenditures early this year. But company leaders foresee bigger spending ahead, according to a new survey. Continue Reading
The upcoming Fredericksburg, Va. facility will likely replace TES’ current ITAD plant. | Basiczto/Shutterstock
TES is opening a facility in Virginia to decommission hyperscale data centers, part of the ITAD company’s strategy to benefit from the continuing transition of computing power from individual devices to the cloud. Continue Reading
A Google employee swaps out a motherboard at Google’s data center in The Dalles, Ore. | Courtesy of Google
Google’s latest environmental sustainability report highlighted how the tech giant is working to increase its use of recycled materials and decrease its waste. Continue Reading
E-scrap processors are developing strategies for an increasing number of PV modules entering the market. | Hill120 / Shutterstock
One of the survey’s most notable findings was that 70% of respondents reported that prices for used electronics have decreased “a lot” since the first quarter of 2022. | Sarawut Aiemsinsuk/Shutterstock
A number of market factors squeezed the ITAD industry earlier this year, including high costs of labor and lower secondary market prices, according to a first-of-its-kind survey. Continue Reading