Khasma Capital Commits $7 Million to Elevate Solar Recycling with OnePlanet

Khasma Capital Commits to Revolutionary Solar Recycling Initiative

Khasma Capital, a prominent investment firm specializing in low-carbon infrastructure, has taken a significant step forward in promoting sustainable energy solutions. They have announced a $7 million investment in OnePlanet Solar Recycling, a Jacksonville, Florida-based company that is at the forefront of solar panel recycling technology. This partnership aims to create a state-of-the-art solar module recycling facility, marking a pivotal advancement in managing the lifecycle of solar products.

The Rationale Behind the Investment

The commitment to invest in OnePlanet arises from a growing need for sustainable management of solar panels as the renewable energy sector continues to expand. As solar panels reach the end of their lifecycle, effective recycling methods are crucial for reducing waste and enhancing material recovery. With this investment, Khasma Capital aims to support the establishment of a facility that will address these pressing challenges while simultaneously contributing to the circular economy.

André Pujadas, CEO of OnePlanet, expressed enthusiasm over the collaboration, stating, "With Khasma's investment, OnePlanet is poised to bring one of the most advanced and largest solar panel recycling facilities in the U.S. online. This groundbreaking infrastructure will further the environmental sustainability of the solar industry and promote circular supply chains within the clean energy sector."

OnePlanet's Revolutionary Facility

Situated in Green Cove Springs, Florida, the new facility will be dedicated to end-to-end solar module recycling processes. OnePlanet has garnered a substantial $14.5 million allocation through the 48C(e) Clean Energy Manufacturing and Recycling Projects tax credit program, which will facilitate the recovery of high-value materials like aluminum, copper, silicon, and glass. These materials will be reintegrated into domestic supply chains, thereby promoting sustainability within the industry.

OnePlanet's facility aims to establish itself as a prototype for advanced solar recycling centers in the U.S. Initially, it will recover valuable materials from 2 million solar modules annually, with plans to scale up to 6 million by 2030. This ambitious production goal underscores the company's commitment to becoming a leader in the circular economy and diverting solar waste from landfills.

Industry Implications

The investment and development of OnePlanet's facility represent a significant move toward enhancing the infrastructure necessary for sustainable solar energy practices. As the global market for solar energy expands, the need for effective end-of-life management strategies becomes increasingly critical. Khasma Capital's backing provides OnePlanet the financial resources and expertise to scale its operations effectively.

Ashlynn Horras, Partner at Khasma Capital, remarked, "We are excited to support OnePlanet's mission to scale solar recycling and address a critical gap in the management of renewable energy assets at the end of their life. The exceptional technical execution and market insight shown by the OnePlanet team give us great confidence as they embark on this next phase of growth."

Conclusion

Khasma Capital's $7 million investment in OnePlanet Solar Recycling marks a promising development in the renewable energy sector. As the demand for solar energy solutions continues to rise, so too does the necessity for sustainable recycling practices. Through this collaboration, both companies are setting a new standard for environmental responsibility and the effective management of renewable energy resources. As the facility comes online, it is expected to influence the trajectory of the solar recycling industry and contribute to a more sustainable future.

For more information on Khasma Capital and OnePlanet Solar Recycling, you can visit their respective websites: Khasma Capital and OnePlanet.