Comstock Metals announced the acquisition of a central Ohio site that will serve as a storage and preparation hub for end‑of‑life solar panels. The facility is positioned to collect panels from customers across Ohio, neighboring states, and the broader Midwest, where the solar panel market is projected to grow from 100,000 tons today to 1 million tons by 2030.
The Ohio hub will initially handle the aggregation and staging of panels before they are shipped to the company’s Nevada plant, which processes 100,000 tons of material per year. Comstock plans to scale the Ohio site to an industry‑scale recycling and processing capacity that will contribute to the company’s target of 300,000 tons of solar panel recycling throughput by 2028.
Financially, the expansion is supported by a $31.8 million equity raise completed in Q3 2025 that eliminated all debt and left the company debt‑free. The new hub is expected to cut transportation costs and shorten lead times for Midwest customers, improving margin stability as the company scales its thermal delamination technology.
Comstock’s R2v3/RIOS certification for zero‑waste recycling and its proprietary thermal delamination process give it a competitive edge over other recyclers such as SolarCycle and RecycleTech, which rely on more conventional wet‑chemical methods. The Ohio facility will reinforce the company’s position as a leader in responsible solar panel recycling.
Dr. Fortunato Villamagna, President of Comstock Metals, said the Ohio hub “directly supports the Midwest region’s growing end‑of‑life panel disposal needs while providing a logistically‑efficient solution that keeps costs low for our customers.” Investors welcomed the expansion as a step toward achieving the company’s goal of becoming the leading solar panel recycler in North America.
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