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Thu07102014

North Caucasus hydropower to increase with three new projects from RusHydro

North Caucasus hydropower to increase with three new projects from RusHydro

Three small hydropower plants developed by RusHydroare set to begin construction...

Discrediting advertisements on carbon pollution standards outrages organizations

Discrediting advertisements on carbon pollution standards outrages organizations

The Natural Resources Defense Council, and more than two dozen organizations, is...

Supercritical steam for super productive solar thermal plants

Supercritical steam for super productive solar thermal plants

By using supercritical steam, solar thermal power plants could produce enough en...

Nepal gets first wind-solar hybrid system

Nepal gets first wind-solar hybrid system

The Asian Development Bank has handed over the country’s very first wind-solar h...

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Nutrition plays a critical role in everyone’s chance at a better future. Hunger...

Chile’s largest solar power project officially open

Chile’s largest solar power project officially open

The 100 megawatt Amanercer Solar CAP Power plant in Chile has been officially op...

Five gigantic things happening in sustainability

Five gigantic things happening in sustainability

Understanding this mainly becoming typical ‘S’ word has always been part of the ...

Business

The Bioplastics industry in Korea – Where to next?

The Bioplastics industry in Korea – Where to next?

Thursday, 10 July 2014

The global bioplastics market is booming – total production capacity is set to grow 400% by 2017, and the European Commission has designatedbioplastic...

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Technology

Politics

Living Green

Elemooni: Eco-friendliness for kids

Elemooni: Eco-friendliness for kids

Thursday, 10 July 2014

A new group of nano explorers could change the way children learn about positive values, the environment, and believe it or not, the periodic table of...

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Renewables

Siemens welcomes Crown Estate’s new seabed rights for wave and tidal power

Siemens welcomes Crown Estate’s new seabed rights for wave and tidal power

Thursday, 10 July 2014

Siemens welcomes The Crown Estate’s announcement of agreed seabed rights for new demonstration zones and project sites around the United Kingdom’s coa...

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Low-Carbon

Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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‘A.T.M.’ machine for recycling used gadgets gain in Series B

A San Diego startup that came out with an easy way for consumers to discard their old electronic gadgets closed its Series B investment round with approximately $17 million.

EcoATM is just like a regular A.T.M. machine that churns out cash - but only in exchange for old mobile phones and other electronic gadgets for recycling.

The machine is a self-serve kiosk where one can drop in her gadget. The machine will then inspect its condition and assess its dollar value, which it can either dispense to the user in cash, directly from the "A.T.M.," or make store credits with.

The collected used electronics are then resold to recycling companies.

EcoATM said it intends to use the amount raised to broaden its network of EcoATM kiosks.

"Over the past two years, EcoATM has built a network of approximately 50 kiosks in locations throughout California and beyond with tremendous consumer response," said Tom Tullie, chairman and chief executive of EcoATM.

According to Mr. Tullie, the new funding will enable mass commercialization and a national roll-out of their patented stations.

Current investors Claremont Creek Ventures, Coinstar, Inc. and TAO ventures all increased their investments in the company. New investors included PI Holdings, Moore Venture Partners, AKS Capital and Singapore billionaire Koh Boon Hwee.

EcoATM also announced that they got an additional $1 million from the National Science Foundation through a Phase II grant. The foundation previously provided a Phase 1 grant to EcoATM in February 2011 to further refine and expand the technology used in their kiosks. – EcoSeed Staff



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