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Redwood Materials raises $1B in funding round

Published: August 30, 2023
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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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In My Opinion: How batteries can come back to life

Published: August 23, 2023
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Pile of lithium ion batteries for recycling.

AI-powered battery removal systems have the potential to prevent facility fires from starting in the first place, argues Raghav Mecheri of BinIt. | Skimin0k/Shutterstock

As record-high numbers of batteries enter the solid waste stream, they have increasingly become associated with facility fires, safety issues and danger to workers. Continue Reading

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Amazon affiliate to open data center recycling facility

Published: August 23, 2023
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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

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Apple throws support behind California right-to-repair bill

Published: August 23, 2023
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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

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Margin pressure, inflation cut Sims earnings in half

Published: August 23, 2023
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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

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