What does OnePlanet Solar Recycling do?
OnePlanet Solar Recycling specializes in recycling end-of-life solar panels, recovering valuable materials like silicon, aluminum, and copper to support a sustainable circular economy.
How much did they raise?
The company raised $7M in a Seed round led by Khasma Capital to fund final engineering, permitting, and pre-construction activities for its facility, which is expected to process over 2 million photovoltaic modules annually upon commissioning in 2027, with plans to expand capacity by 2030.
What are their plans for the money?
With the new funds, the company aims to complete the necessary engineering and permitting to begin construction on its advanced recycling facility, potentially strengthening the domestic supply chain for critical materials through sustainable practices.
What have they achieved so far?
In addition to the equity raise, OnePlanet's River City project was awarded a $14.5M Investment Tax Credit under the Department of Energy’s Section 48C(e) Advanced Energy Project Program, marking a significant achievement in its development journey.
