Redwood Materials states that more than 150 million phones are thrown out every year in the United States, making consumer devices the world's fastest-growing waste stream.
"If recycled, your lithium-ion batteries and rechargeable devices can decrease global reliance on mining and lower the cost and environmental impact of our products," the company stated.
Only ~17% of the 150 million devices Americans discard each year are recycled. Redwood aims to change this by facilitating better recycling of lithium-ion batteries.
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