OnePlanet secures $14.5 million tax credit allocation under the federal 48C program to construct its first industrial-scale solar panel recycling facility
Type: Financing · Technology: Solar · Country: United States · Value: $14.5M · Announced: 2026-08-12
OnePlanet, a Florida-based solar panel recycling and critical minerals recovery company, secured a $14.5 million tax credit allocation under the federal 48C program to support the construction of its first industrial-scale River City facility. The facility, located in Green Cove Springs, Florida, will commercialize the company's Photovoltaic Recycling through Integrated Systems and Mechanics (PRISM) technology, which achieves 99.5% glass recovery at 99% purity and recovers high-purity silicon, silver, copper, and aluminum streams. Commercial production at the River City facility is targeted to begin in 2027, marking a material scale-up from the company's existing demonstration facility. The financing underscores the growing emphasis on circular economy solutions in the solar industry, particularly for end-of-life module recycling. The 48C tax credit program, administered by the U.S. Department of Energy, provides financial incentives for clean energy manufacturing and recycling projects.
Counterparties
- OnePlanet (Borrower)
- Federal 48C program (Lender)
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