French cleantech company ROSI announced it has secured over €20 million (USD$23 million) in funding to scale its high-value photovoltaic module recycling facilities across Europe.

Founded in 2017, ROSI specializes in the high-value recycling of end-of-life photovoltaic panels. The company’s process enables the recovery of high-purity strategic raw materials, including silicon and silver, as well as copper, aluminum and glass.

According to ROSI, by 2050, tens of millions of tons of photovoltaic panels are expected to reach end of life, with the company’s process addressing this challenge by recovering high-purity precious materials, offering a circular and value-creating alternative to conventional low-value-added recycling streams.

Building on its first industrial site, ROSI Alpes, the company is advancing its expansion with the development of a new facility in Teruel, Spain. The plant is expected to represent a key step in the industrialization of photovoltaic recycling, featuring an integrated and highly automated processing line designed for large-scale deployment. The facility will have a processing capacity of 10,000 tons per year, producing high-purity recycled materials including silver, silicon, copper, aluminum and glass.

The company said that the project is designed to support the development of a scalable circular model for photovoltaic recycling in Europe, reducing reliance on imported critical raw materials and strengthening regional supply chains.

The new funding included a Series B fundraise and the securing of French and European grants to support the rollout of its industrial projects.

Dr. Yun Luo, President and co-founder of ROSI said:

“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.”

The Series B round was led by InnoEnergy, CMA CGM, the European Innovation Council (EIC), and Spanish family office G3T, and included participation from new international investors alongside existing shareholders.

Romain Girard, investment manager at CMA CGM said:

“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.“

ROSI also announced the appointment of Thierry Galvez as the new director of ROSI Alpes. Galvez brings 30 years of experience in the photovoltaic industry, primarily at Photowatt, and will focus on industrial performance, operational excellence, and support the company’s future expansion in his new role.