Redwood Materials, a growing Nevada-based battery recycling firm that recently partnered with an e-scrap processor, received more than $700 million in funding from various financing organizations.
The federal government should encourage design for recyclability in consumer electronics and support technologies that recover rare earth magnets from hard drives, according to a report from the Biden administration.
Lithium-ion battery recycling company Li-Cycle will build its third North American plant in the Phoenix area. The operation will be able to process up to 22 million pounds of batteries per year.
Sims Lifecycle Services enjoyed a year-over-year profit boost in the latter half of 2020, although COVID-19 slowed the company’s push to recycle materials associated with cloud computing.