Comstock Inc., via its subsidiary Comstock Metals Corporation, has announced new revenue streams from contracts with two commercial companies for the decommissioning and disposal of end-of-life solar panels.
“We recognized our first in-take revenues from the receipt and processing of end-of-life solar panels and our first off-take revenues from reprocessed and shipped materials, such as recycled aluminum,” said Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “Our team is now engaged with nationally recognized customers to decommission, transport, and process solar panels from their facilities.”
Operating from a commercial demonstration facility in Silver Springs, Comstock Metals recently expanded its services in response to customer demand. In addition to recycling, the company now offers de-installation, transportation, and storage of solar panels, allowing for a more comprehensive service package.
The expansion is supported by the company’s newly permitted capacity to store large volumes of solar panels, positioning Comstock Metals as a leader in reducing landfilled electronic waste while recovering valuable materials.
Dr. Fortunato Villamagna, President of Comstock Metals, highlighted the rapid growth of these new services.
“We quickly adapted to customer requests and have already completed several deinstallations, with more projects under negotiation.” Villamagna said.
Comstock Metals has received materials from several new, nationally recognized customers, coordinating the decommissioning of solar panels from various facilities and transporting them to Silver Springs for recycling.
“We are now expanding decommissioning services with additional, large-scale customers for long-term, revenue-generating supply commitments,” Villamagna added.
As the company expands its market presence, it is building long-term agreements and increasing its range of services to ensure that materials stay out of landfills and ecosystems.
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