This startup manufactures photovoltaic systems that facilitate the closed-loop recycling of raw materials used in renewable energy production. By reusing energy and materials, the company enables businesses to minimize waste and enhance sustainability in their operations.
Funding
$370K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing deployment of photovoltaic (PV) systems leads to a growing volume of end-of-life panels, creating a waste management challenge and a potential loss of valuable raw materials. Traditional disposal methods result in environmental burdens and economic inefficiencies due to the missed opportunity to recover and reuse resources.
Solution
2loop Tech provides comprehensive recycling solutions for photovoltaic systems, enabling a closed-loop material flow for the renewable energy sector. The company recovers valuable materials from end-of-life PV panels, including high-purity glass, metallurgical silicon, polysilicon, aluminum, copper, silver, and rare earth metals. By employing advanced recycling technologies, 2loop Tech minimizes waste, reduces the environmental impact of PV panel disposal, and creates a sustainable supply of raw materials for new renewable energy products. Their approach transforms PV waste into valuable resources, promoting a circular economy within the renewable energy industry.
Target Audience
The primary customers are PV system manufacturers, renewable energy project developers, waste management companies, and organizations seeking to comply with environmental regulations related to PV panel disposal.
Features
- Advanced recycling processes for recovering up to 95% of PV panel materials
- Extraction of high-purity materials, including silicon, silver, and rare earth metals
- Patented technologies for efficient and environmentally friendly recycling
- Focus on both new and soon-to-be-end-of-life PV panels
- Services extend throughout the European Union, with licensing options for broader reach