Greenwave Technology Solutions, Inc., through its wholly-owned subsidiary Empire Services, Inc., is a leading operator of 11 metal recycling facilities in Virginia and North Carolina. At these facilities, Empire collects, classifies, and processes raw scrap metal (ferrous and nonferrous) for recycling. Steel is one of the world’s most recycled products, with the ability to be re-melted and recast numerous times while offering significant economic and environmental benefits compared to virgin materials.
The company has invested $15 million in capital expenditures over the last 18 months. These investments will help Greenwave achieve margins of over 80% and will help drive major growth, the company believes.
