Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Metals LLC (“Comstock”), a pioneer in sustainable, zero-landfill solar panel recycling and the first solar panel recycling company in North America to be certified to the R2v3/RIOS Responsible Recycling Standard, has entered into a strategic partnership with Virtus Renewables Service Group Inc. (“Virtus”), a leading provider of comprehensive renewable energy solutions.
Under this new partnership, Comstock and Virtus will jointly develop and deliver comprehensive recycling, decommissioning, and logistics solutions tailored to the specific needs of the renewable energy markets. This partnership ensures a consistent, complete, reliable, zero-landfill recycling solution for all solar panels and related components, enhancing both companies’ capabilities and commitment to environmental sustainability.
“Our partnership with Virtus reinforces our mutual commitment and relentless dedication to innovate and integrate systems for responsible environmental stewardship,” stated Dr. Fortunato Villamagna, President of Comstock Metals. “Virtus Renewables has distinguished itself in the renewable energy sector through its comprehensive operations and maintenance services, project management, and dedication to innovative and sustainable practices. We are proud to complement their efforts by integrating industry-leading recycling solutions that ensure that end-of-life solar assets are managed responsibly and sustainably.”
This agreement leverages the strengths of two innovators and enables a systemwide service offering, expanded industry reach, responsiveness, reliability, and creates comprehensive, environmentally conscious solutions for renewable energy clients across the United States.
“This is another example of Comstock Metals’ ability to systemically address the critical gaps within the solar panel recycling industry, paving the way for robust, sustainable solutions across the renewable energy sector,” said Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “Our partnership with Virtus Renewables represents another significant milestone in our mission to deliver innovative, sustainable recycling practices across the renewable energy supply chain.”
“We are thrilled to partner with Comstock Metals in our shared mission to bring unparalleled value to our customers. This collaboration enables us to combine Virtus’s end-to-end renewable energy service expertise with Comstock’s industry-leading, zero-landfill recycling capabilities,” stated Bo Thisted, CEO of Virtus Renewables. “By teaming up, we are not only expanding our ability to serve the renewable energy market, but also ensuring that our customers benefit from a full lifecycle certification process that upholds the highest standards of sustainability, reliability, and service.”
