Batterys recycling is becoming more of a priority, with the industry expecting to earn $1.7 billion by 2020, according to the most recent figures from the U.S. Energy Information Administration.
That’s up from $1 billion in 2015, according the DOE.
While it’s an important sector for companies to invest in, recycling is not without risks.
A lot of the equipment in the recycling bin will end up in landfills, with no recycling or disposal, said Brian Lauer, president of the U-Pick Recycling Institute.
“There’s a lot of risk that people aren’t even aware of, which makes it a bit of a crapshoot,” he said.
That being said, the industry is starting to make strides in this area.
“The amount of recyclable materials is increasing, so that’s encouraging,” said Lauer.
“It’s just a matter of time before we start seeing some major companies invest in this.”
One of the biggest challenges for companies is finding a place to store and recycle the items.
That means sorting and transporting them to landfilling plants, which can take months or even years.
Some companies are trying to create recycling hubs where they can ship their recyclible items.
For example, the American Green Building Council is working to develop a system that would help companies reuse items from their recycling bins in other areas.
Another solution involves companies recycling and storing the items in storage containers that are secured with locks.
But as recycling rates continue to climb, some are starting to realize that it can be a challenge to manage the large amount of materials.
“We’ve seen a lot more companies start looking at how to organize their business in this way, and that has a lot to do with their sustainability and their ability to manage it,” said Andrew Stadler, executive director of the Clean Air Council.
The recycling industry is still developing its business model, but the most important thing is making recycling an integral part of a company’s operations, said Stadlers son, Ben.
“When companies are creating an environmental footprint, they have to make a lot less money.
That has to be part of the equation, and it has to start with the business itself,” he added.