Solarcycle

SOLARCYCLE is a tech

driven solar system recycling company founded in 2022 by experts in solar technology, recycling, and sustainability.

The company has raised a total of $69.73 million in funding, including a $31.63 million Series B round in August 2024.

SOLARCYCLE operates recycling facilities in Odessa, Texas and Mesa, Arizona, with plans for a new facility in Cedartown, Georgia.

The company's proprietary technology can extract up to 95% of valuable materials from used solar panels, including silver, silicon, copper, and aluminum.

SOLARCYCLE is investing $344 million in a solar glass manufacturing facility in Cedartown, Georgia, which will be operational in 2026 and capable of producing 5

6 GW of solar glass annually.

The company has partnerships with major solar firms like Sunrun, Silicon Ranch, DEPCOM Power, SOLV Energy, NovaSource, Greentech Renewables, and Forum Energy Partners.

SOLARCYCLE's recycling model helps recover approximately 95% of solar panel value, which can be returned to the supply chain for new panel manufacturing.

The company installed a 500

kW solar system at its Odessa recycling facility using nearly 1,000 decommissioned panels from utility

scale and residential projects.

SOLARCYCLE aims to have the capacity to recycle one million solar panels per year by the end of 2023.

The company is working with the Department of Energy's National Renewable Energy Laboratory (NREL) to optimize recovery processes and develop new solutions for recycling solar materials.

Commitment to sustainability and building a circular economy for solar and renewables

Focus on innovation and technological advancement in solar recycling

Customer

centric approach with emphasis on providing exceptional service and support

Dedication to environmental stewardship and reducing carbon footprint

Collaborative mindset, valuing partnerships within the solar industry

Emphasis on research and development to improve recycling processes

Prioritization of transparency and integrity in business practices

Commitment to creating green jobs and supporting local communities

Drive to make solar energy more accessible and affordable

Continuous pursuit of efficiency and cost

effectiveness in recycling solutions

SOLARCYCLE aims to maximize solar sustainability through low

cost, eco

friendly recycling of retiring solar panels

Proprietary technology extracts 95% of valuable materials from recycled panels, including silver, silicon, copper, aluminum, and glass

Partnered with major solar companies like Sunrun, Silicon Ranch, DEPCOM Power, and others to recycle their solar systems

Opened advanced solar recycling facility in Odessa, Texas in 2022, capable of processing 1 million panels per year

Received $1.5M DOE grant to research higher

quality metal recovery from recycled panels

Aims to meet 25

30% of US solar manufacturing needs with recycled materials by 2040

Collaborating with NREL to optimize recovery processes and develop new solutions for material recycling

Provides environmental analysis reports to clients showing benefits of panel recycling

Estimates recycling each panel avoids 97 pounds of CO2 emissions

Planning $344 million solar recycling plant in Georgia to produce glass for 5

6 GW of solar panels annually

Charges $18 per panel for recycling, aiming to reduce costs with greater scale

No specific net

zero target date mentioned, focus is on enabling circular economy for solar industry