ROSI secures $23M to scale up solar panel recycling in Europe

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French cleantech company ROSI, specialised in high-value recycling of end-of-life photovoltaic panels, has secured funding of over EUR 20 million (USD 23 million) for upgrading and optimising the efficiency of its high-value photovoltaic module recycling facilities all over Europe. Established in 2017, the company recovers high-purity strategic raw materials, such as aluminium, copper, glass etc. from discarded photovoltaic modules, reinforcing its position as a key player in addressing the growing volume of solar waste.

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Commenting on the project, President and co-founder of ROSI, Dr Yun Luo, noted, "Our ambition is to build a European-scale industrial platform for circular management and the production of strategic raw materials, transforming end-of-life solar panels into a reliable source of high-purity materials for the European industries of tomorrow."

With the rapidly expanding platform of renewable energy, particularly with increasing solar installations, ROSI has noted that tens of millions of photovoltaic panels may reach the end of life by 2050. The company, therefore, aims to take up the challenge through high-purity precious material recovery, to unlock a circular and value-creating alternative compared to the traditional low-value recycling options.  

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Following the commissioning of its first industrial site, ROSI Alpes, the company is now moving ahead with a new facility in Teruel, Spain. Designed as a large-scale, automated plant, the site will be capable of processing up to 10,000 tonnes annually, producing recycled materials of high purity suitable for reintegration into industrial supply chains.

The new capital has been raised through a Series B round, along with funds released from French and European grants for backing such ventures of scaling up industrial capacity and advancing circular solutions for end-of-life solar panels.

The expansion reflects ROSI’s broader ambition to establish a scalable circular model for photovoltaic recycling in Europe. By recovering critical raw materials domestically, the initiative aims to reduce dependence on imports while strengthening regional supply security.

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The funding round was led by InnoEnergy, CMA CGM, the European Innovation Council (EIC), and Spanish family office G3T, with participation from both new and existing investors. Alongside this, ROSI has appointed Thierry Galvez as director of ROSI Alpes. With three decades of experience in the photovoltaic sector, he is expected to drive operational efficiency and support the company’s next phase of industrial growth.

Romain Girard, Investment Manager at CMA CGM, stated, "ROSI illustrates the kind of industrial circular-economy platform that Europe needs: a differentiated technology, a clear path to industrial scale, a strong contribution to strategic resource resilience, and a tangible potential to reduce the CO2 footprint of the photovoltaic value chain."

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