recycling

Company with Texas solar panel recycling plant plans next facility out of state

Solarcycle's first facility is in Texas. It's next is headed for outside of Atlanta. Photo via Solarcycle.us

A company that recycles solar panels announced Thursday that it would build a $344 million factory in northwest Georgia, for the first time expanding to making new glass for panels.

Arizona-based Solarcycle, which was founded in 2022 and opened its first recycling facility in Odessa, Texas, said it would hire more than 600 workers in Cedartown, about 50 miles (80 kilometers) northwest of Atlanta, for a factory opening in 2026. Earlier this month, the company opened a headquarters, research lab and second recycling facility in Mesa, Arizona, hiring more than 100 people.

Solarcycle says its automated recycling process can extract materials worth 95% of a solar panel's value, including silver, silicon, copper and aluminum. Solarcycle said would be able to recycle 1 million solar panels in Cedartown. Then it plans to make enough glass to make solar panels that could produce 5 gigawatts a year of electricity, using a combination of recycled glass and raw material. Solarcycle said it would sell the glass to companies that make solar panels in the United States.

Last week, South Korean-owned Qcells, which makes solar panels in nearby Dalton, said it had contracted with Solarcycle to recycle decommissioned Qcells panels in the United States. Solarcycle said it has similar contracts with more than 40 other solar energy companies.

The company chose Cedartown to be close to domestic solar panel makers, spokesperson Brooke Havlik said, saying the location offers rail and shipping infrastructure and workers.

Solarcycle has raised tens of millions of dollars from private investors for expansion, and Havlik said the Cedartown factory would largely be funded through private investment.

The company has also received $1.5 million from the U.S. Department of Energy to fund research and development, and Havlik said the companies that buy Solarcycle’s glass are expanding, “largely driven by incentives and tailwinds” created by Biden administration actions.

Democratic U.S. Sen. Raphael Warnock credited President Joe Biden’s clean energy and healthcare law, the Inflation Reduction Act, with spurring Solarcycle’s investment, saying Georgians continue “to reap its benefits.”

Gov. Brian Kemp, though, has argued that Georgia's business environment deserves credit for attacting companies like Solarcycle and Qcells. Georgia Economic Development Commissioner Pat Wilson said the company approached state economic recruiters at a trade show.

“Solarcycle provides a critical piece to the integrated solar supply chain we are building in Georgia,” Wilson said in a statement.

Solarcycle didn’t say how much workers will make, only describing pay and benefits as “competitive.”

The company could qualify for $9 million in state income tax credits, at $3,000 per job over five years, as long as workers make at least $31,300 a year. The company will also receive property tax breaks from Cedartown and Polk County, said Chris Thomas, the president and CEO of the Development Authority of Polk County, but he did not provide an estimate. Solarcycle said Georgia will also pay to train workers.

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A View From HETI

ExxonMobil Chairman and CEO Darren Woods said the company was weighing whether it would move forward with a proposed $7 billion low-hydrogen plant in Baytown this summer. Photo via exxonmobil.com

As anticipated, Spring-based oil and gas giant ExxonMobil has paused plans to build a low-hydrogen plant in Baytown, Chairman and CEO Darren Woods told Reuters.

“The suspension of the project, which had already experienced delays, reflects a wider slowdown in efforts by traditional oil and gas firms to transition to cleaner energy sources as many of the initiatives struggle to turn a profit,” Reuters reported.

Woods signaled during ExxonMobil’s second-quarter earnings call that the company was weighing whether it would move forward with the proposed $7 billion plant.

The Biden-era Inflation Reduction Act established a 10-year incentive, the 45V tax credit, for production of clean hydrogen. But under President Trump’s One Big Beautiful Bill Act, the period for beginning construction of low-carbon hydrogen projects that qualify for the tax credit has been compressed. The Inflation Reduction Act called for construction to begin by 2033. The Big Beautiful Bill changed the construction start time to early 2028.

“While our project can meet this timeline, we’re concerned about the development of a broader market, which is critical to transition from government incentives,” Woods said during the earnings call.

Woods had said ExxonMobil was figuring out whether a combination of the 45Q tax credit for carbon capture projects and the revised 45V tax credit would enable a broader market for low-carbon hydrogen.

“If we can’t see an eventual path to a market-driven business, we won’t move forward with the [Baytown] project,” Woods told Wall Street analysts.

“We knew that helping to establish a brand-new product and a brand-new market initially driven by government policy would not be easy or advance in a straight line,” he added.

ExxonMobil announced in 2022 that it would build the low-carbon hydrogen plant at its refining and petrochemical complex in Baytown. The company had indicated the plant would start initial production in 2027.

ExxonMobil had said the Baytown plant would produce up to 1 billion cubic feet of hydrogen per day made from natural gas, and capture and store more than 98 percent of the associated carbon dioxide. The plant would have been capable of storing as much as 10 million metric tons of CO2 per year.

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