Seed Round

OnePlanet Solar Recycling is a materials recovery company focused on solar panel recycling, bridging the final gap of the solar supply chain in pursuit of a circular economy. The company aims to manage solar waste streams across the entire asset lifecycle—from construction and operations to repowering and full decommissioning. This funding will support the establishment of their flagship solar panel recycling facility in Green Cove Springs, Florida, which is expected to play a crucial role in promoting sustainable practices within the renewable energy sector. The facility is projected to recycle up to 2 million solar panels annually by 2027. Additionally, the company has secured a $14.5 million federal clean energy tax credit to further bolster its operations. The round was led by Khasma Capital, highlighting investor confidence in the company's mission to enhance sustainability in the solar industry. OnePlanet utilizes a novel process to salvage valuable materials such as copper, silicon, and aluminum from broken solar panels, contributing to a circular economy.