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Thu04242014

Wind power to reach 47 gigawatts in 2014 – G.W.E.C.

Wind power to reach 47 gigawatts in 2014 – G.W.E.C.

The wind market is expected to reach installations of at least 47 gigawatts in 2...

Floating tidal current turbines to be installed in Canadian waters

Floating tidal current turbines to be installed in Canadian waters

Siemens business Marine Current Turbines Ltd., Bluewater Energy Services B.V., a...

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

There’s a choking, Beijingian smog hanging over Parisian skies. Warm, still cond...

Climate change is happening, affecting all areas of the globe – I.P.C.C.

Climate change is happening, affecting all areas of the globe – I.P.C.C.

The effect of climate change is already being felt worldwide, according the Inte...

Hong Kong extends its registration tax exemption for E.V.s

Hong Kong extends its registration tax exemption for E.V.s

Hong Kong has passed a resolution that will extend its first registration tax ex...

Make a green choice by purchasing eco-clothing for your kids

Make a green choice by purchasing eco-clothing for your kids

There are several benefits of organic kid’s clothing. As people are becoming env...

Restoring the beauty of the Chesapeake Bay

Restoring the beauty of the Chesapeake Bay

The Chesapeake Bay is America’s largest estuary, which is a body of water that l...

Business

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Smog causes partial car ban in Paris – But is the Diesel Industry to blame?

Monday, 07 April 2014

There’s a choking, Beijingian smog hanging over Parisian skies. Warm, still conditions have caused car fumes and chemicals to collect above the city a...

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Technology

New ceramic material developed for hydrogen storage

New ceramic material developed for hydrogen storage

Thursday, 24 April 2014

A new ceramic material developed by engineers at the University of California, San Diego, has been demonstrated to be able to store and release hydrog...

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Politics

More time needed for a decision on Keystone XL Pipeline

More time needed for a decision on Keystone XL Pipeline

Thursday, 24 April 2014

The United States Department of State will be extending its decision-making period on the submission of their views on the proposed Keystone Pipeline ...

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Living Green

Good cooperation between animals and humans can save the environment

Good cooperation between animals and humans can save the environment

Monday, 21 April 2014

Even though humans are regarded as the most intelligent beings of the lot, recent researches show that, without the help of some particular animals, i...

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Renewables

Low-Carbon

Five ways to make your business more energy efficient

Five ways to make your business more energy efficient

Thursday, 24 April 2014

Reducing your energy bills is one of the easiest ways to drastically cut your business's operating costs and look after your bottom line. Not only tha...

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Opinion

Restoring the beauty of the Chesapeake Bay

Restoring the beauty of the Chesapeake Bay

Thursday, 27 March 2014

The Chesapeake Bay is America’s largest estuary, which is a body of water that links rivers to the sea and acts as a bridge between freshwater and sal...

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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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