SOLAR MATERIALS
SOLAR MATERIALS GmbH
Magdeburg, Germany
About
Founded in 2021, SOLAR MATERIALS is a private headquartered in Magdeburg, Germany with approximately 50-200 employees specializing in Solar.
SOLAR MATERIALS GmbH, founded in June 2021 in Magdeburg, Germany, develops and operates patented recycling technology for solar modules. The company recovers all major raw materials from end-of-life solar panels economically and sustainably. Its thermo-mechanical process is energy-efficient, chemical-free, and fully automated. Key recovered materials include silver (0.1% mass, 50% of module value), silicon (technical core), glass (70% mass), aluminum (15% mass), copper (1% mass), and plastics (9% mass). The company saves approximately 80% CO2e per ton compared to primary raw materials. SOLAR MATERIALS partners with AGC Glass Europe for recovered glass integration and Circular Silicon for silicon processing. The company secured Series B funding of up to EUR 20M for European expansion and received EUR 6.6M from the EIC Accelerator program. Recognized as a top 1% scale-up at Founders Games 2024 and gold winner at the European Solar Sustainability Award 2024.
Headquarters
Magdeburg, Germany
Founded
2021
Employees
50-200
Company Type
Private
Funding Stage
Series B
Business Models
Value Chain
Products
Automated Solar Panel Recycling Line
Certifications & Awards
Certifications
Certified Solar Panel Recycling Company
Awards
Top 1% Scale-Up
Gold Winner, European Solar Sustainability Award
Innovativste Projekte aus dem Bereich Energie- und Umweltforschung
Sustainability
3.1
Tonnes CO₂/yr avoided
Partnerships
AGC Glass Europe, Circular Silicon, TU Braunschweig