Fundraising efforts have netted Ascend Elements $542 million, adding to the $480 million the company received from two Department of Energy grants. | Janaka Dharmasena/Shutterstock
Ascend Elements raised a total of $542 million in equity investments to help scale up its lithium-ion battery manufacturing. Continue Reading
First America is now recycling solar panels as it expands into the alternative energy sector. | Courtesy of First America
Metals and electronics recycling company First America is leveraging a handful of partnerships to process material from electric vehicles and other streams. Continue Reading
On top of the debt held by T-Mobile, Belmont Trading owes money to a shareholder, the U.S. Small Business Administration and several OEMs, according to a court filing from the company. | Nuangthong/Shutterstock
On Friday, T-Mobile asked a judge to order Belmont Trading to pay the $6.08 million that the wireless giant says it’s owed. On Tuesday, Belmont Trading filed for bankruptcy protection. Continue Reading
EvTerra President Jeff Gloyd said his company would focus on providing the best service for its customers before considering further expansion. | Courtesy of EvTerra Recycling
E-Scrap company evTerra Recycling has opened its San Antonio plant, closing the last chapter of the company’s nationwide expansion project. Continue Reading
Fire rages at Scott Recycling in Newport, Tenn. | Courtesy of the Cocke County Sheriff’s Office
A Tennessee electronics processor is picking up the pieces after a fire destroyed one of its buildings. Continue Reading
Industry operators are using fire mitigation technologies and other strategies to keep their facilities covered. | Fradu/Shutterstock
Electronics recycling and reuse companies say insurance has become significantly more expensive and difficult to manage, so they’re employing a number of strategies to cope. Continue Reading
Metro Metals’ locations in Vancouver, Wash. (pictured above) and Tacoma, Wash. together handled about 41% of the e-scrap recycled by the E-Cycle Washington program in 2022. | Jared Paben/E-Scrap News
The total e-scrap weight handled by Washington state’s program dropped, one device was wrongly exported to the Middle East and a processor exited the program last year, according to an annual report. Continue Reading
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
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