5.26 French photovoltaic recycling startup, Rosi, raises €7.4 million to accelerate its development

ROSI Solar announced that it had raised €7.4 million in new capital from the Japanese group, ITOCHU Corporation, the European Innovation Council and its shareholder, EIT InnoEnergy. The fundraising will allow ROSI to finance its first industrial site for recycling photovoltaic (PV) panels in France, prepare its expansion in Europe and internationally, and strengthen its research, development and innovation activities.

ROSI Solar offers innovative solutions for the recycling and revalorization of raw materials in the PV industry. Its technologies allow the recovery of ultra-pure silicon and other metals which are currently lost during the production of PV cells and at the end-of-life of solar panels.

ROSI has been developing disruptive technologies to separate and purify high-purity, high-value PV raw materials since 2017. It is the first company worldwide to establish an industrial PV panel recycling line capable of recovering high-purity silicon, silver and copper and reintegrating them into advanced industrial uses.

In 2023, ROSI will set up its first industrial line, located in SaintHonoré, in Isère, France, capable of recycling 3,000 tonnes of PV panels. It will be operational in the first quarter of 2023, employing 20 staff initially and around fifty long-term. The fundraising will enable ROSI Solar to remain at the forefront of technologies for the recycling of materials from the photovoltaic industry.

y un l uo CEO of Rosi

Silicon is considered a critical material by the European Commission. Its recovery will enable the photovoltaic and semiconductor industries, that buy our silicon, to establish industrial autonomy.

rosi-solar.com