RenerCycle

renercycle.com ↗ ·Pamplona ·Seed

RenerCycle is a Spanish circular-economy company for the wind energy sector, providing wind farm dismantling and decommissioning, reconditioning and resale of turbine components and spare parts, material recovery, and recycling of composites such as blades and nacelles. Founded in 2022 in Pamplona (Navarra), it is backed by ten industrial shareholders including Acciona Energía, RWE, Statkraft, Nordex, Ingeteam and EIT InnoEnergy, and has raised roughly €6.5-7M across two capital increases plus bank financing. It claims to be the first Spanish company with ISO certifications specific to wind farm dismantling and component reconditioning, reported a 99.8% recycling rate on its Muel project, and is building a ~9,000 m2 recycling plant in Navarra's Zona Media.

Founded
2022
Founders
1
Total funds raised
—
Rounds
1
Investors
11
Last round
Jul 2023
SectorsEnergy & Climate, Circular Economy, Wind Energy, Recycling, Industrial Start-up MapEnergy & Climate › Water & waste treatment

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Founders

Ciro Larrañeta López
Founder

Global models 3

Fairmat
Venture-backed recycler that recovers composite waste and turns it into new materials, like RenerCycle's composite-recycling arm, though it works mostly on carbon fibre rather than wind blades.
$57M+Comparable
Continuum
Recycles retired wind turbine blades into new composite panels at dedicated factories, matching RenerCycle's blade and composite recycling (its VC total, led by Climentum Capital, is not disclosed).
raised —Comparable
Carbon Rivers
United States · carbonrivers.com ↗
Recovers glass fibre from decommissioned wind turbine blades to sell as recycled material, like RenerCycle's blade recovery work; it is funded mainly by about $2.4M in US DOE grants rather than VC.
raised —Comparable

In the same niche 19 others

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Notes: Most funded first

Investors 11

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InnoEnergy
www.innoenergy.com
Seed 2023 Spain
Abintus Consulting & Innovation
Seed 2023 Spain
Acciona Energía
Seed 2023 Spain
Enerfin (Grupo Elecnor)
Seed 2023 Spain
EO6 Ingeniería
Seed 2023 Spain
Grupo Enhol
Seed 2023 Spain
Seed 2023 Spain
Seed 2023 Germany
Seed 2023 Germany
Seed 2023 Spain
Investor Norway

Funding rounds 1

DateRoundAmountLead
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