SOLARCYCLE, Inc. (48C Self-Disclosed)

SOLARCYCLE is investing in a state-of-the-art $344 million glass plant in Cedartown, Georgia. This new facility will create some of the cleanest solar glass in the world by using recycled glass from retired solar systems as an input. Compared to imported solar glass, our product will reduce trade risk, increase innovation, and create benefits for the domestic economy. With support from the Department of Energy, Internal Revenue Service, and the State of Georgia, our advanced process will produce 1,000 metric tons per day (MTD) of rolled, patterned solar glass - enough for 5-6 gigawatts (GW) of annual solar module manufacturing capacity -while creating 600 full time jobs in clean energy manufacturing. SOLARCYCLE's proprietary technology can recycle up to 95% of the value of a solar panel and produce materials like silver, silicon, copper, and aluminum. Founded by experts in solar manufacturing, e-waste recovery, and sustainability, we have partnered with over 50 of the largest solar asset owners to provide recycling services. This project will help create a circular economy for solar and renewable energy in the U.S.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.