Battery processor Li-Cycle faced accusations from a short seller that it uses deceptive accounting practices. | Mehaniq/Shutterstock
Publicly traded battery recycling company Li-Cycle has been accused by a short seller of “Enron-like accounting” methods.
Nationwide, ITAD provider EPC processes over 100,000 units per month, with the new facility adding 5-10% of that to start. | MMilda/Shutterstock
ITAD provider EPC is opening a facility near its corporate headquarters to help companies leverage refurbished electronics, an increasingly important trend as the pandemic roils supply chains.
Echo Environmental is based in a massive processing facility in Carrollton, Texas, which is a suburb of Dallas. | Google Streetview
Strong commodity markets, a booming device resale business and a couple of acquisitions drove profitability for a group of southwestern U.S. electronics processors last year.
In total, PCs for People distributed over 57,000 refurbished computers in 2021. | Courtesy of PCs for People
PCs for People will provide an additional 10,000 used computers to low-income job seekers this year, thanks to a $5 million grant from a tech company.
Pennsylvania-based CyberCrunch has expanded its physical footprint and processing capacity in recent months. | Neirfy/Shutterstock
E-scrap recycler and ITAD provider CyberCrunch is expanding and remains poised for growth, aligning the company with a market that’s “be bought or buy,” company leaders said.
Newly acquired by SK ecoplant, TES was founded in Singapore in 2005 and has more than 40 facilities in 20 countries, including the Seattle location seen here. | Google Streetview
South Korean company SK ecoplant is expanding its footprint in the ITAD industry with an agreement to acquire TES for $1 billion.
Mission Ignite staff performing device refurbishment. | Courtesy of Mission Ignite
With its acquisition of TechReset, Quantum Lifecycle Partners will add staff to its Brampton, Ontario ITAD facility. | Courtesy of Quantum Lifecycle Partners
Two recent actions by Quantum Lifecycle Partners deepen the Canadian processor’s involvement in the reuse business and expand its ITAD customer base.
Battery recycling firm Nth Cycle recently raised over $12M to fund commercial deployment of the company’s recovery technology. | DAMRONG RATTANAPONG/Shutterstock
As electric vehicles and lithium-ion battery devices become ever-more ubiquitous, battery recyclers are expanding their operations and improving technology. The following are updates on two startups.
Sims Lifecycle Services opened a 100,000-square-foot redeployment facility in Atlanta, as the company pushes further into the business of managing equipment from data centers. | Mikhail Starodubov
Electronics processor Sims Lifecycle Services is expanding both domestically and internationally, opening a new facility in Atlanta and adding several new shredding vehicles to its German fleet.