J&T Recycling Corporation
JESCO Holdings, Inc.

J&T Recycling Corporation (President: Tetsuo Tsuyuguchi, Headquarters: Yokohama City, Kanagawa Prefecture, hereinafter "J&T Recycling") and JESCO Holdings, Inc. (Chairman and CEO: Toshihiro Matsumoto, Headquarters: Shinjuku-ku, Tokyo, hereinafter "JESCO Holdings") have entered into a business alliance agreement to jointly promote the reuse and recycling of solar panels.
Currently, solar power generation is rapidly expanding due to the government's renewable energy promotion policy toward "2050 Carbon Neutrality." However, a large volume of waste panels is expected in the 2030s when solar panels installed after the start of the Feed-in Tariff (FIT) system in 2012 reach the end of their product life. Additionally, panels being disposed of before their product life due to natural disasters, malfunctions, and replacements have been increasing, making proper treatment a social issue from a resource circulation perspective. To address this issue, J&T Recycling launched a solar panel recycling factory in Isesaki City, Gunma Prefecture, last December.
In this context, JESCO Holdings, with extensive experience in solar power plant construction and maintenance nationwide, and J&T Recycling, with technology, expertise, and networks for efficient collection, proper treatment, and recycling of waste panels, have agreed to collaborate on building a reuse and recycling system under their shared sustainable management philosophy.
J&T Recycling and JESCO Holdings will provide one-stop services throughout the lifecycle of solar power plants, from construction to O&M, renewal/dismantling, and solar panel reuse/recycling, working together to support solar power plants nationwide and contribute to realizing a recycling-based and decarbonized society.

■Alliance Overview and Roles
Agreement Date: February 17, 2023
Roles:
J&T Recycling Corporation
•    Collection, transportation, reuse, and recycling of waste solar panels from JESCO Holdings
•    Support for JESCO Holdings' solar power plant renewal/dismantling project orders
JESCO Holdings, Inc.
•    Total proposal including waste solar panel reuse/recycling for solar power plant renewal/dismantling project bids
•    Requesting J&T Recycling for collection, transportation, reuse, and recycling of waste solar panels from awarded projects

■JESCO Holdings, Inc.
Location: 8F JESCO Shinjuku Gyoen Building, 2-1-9 Shinjuku, Shinjuku-ku, Tokyo
Representatives:
Chairman & CEO: Toshihiro Matsumoto
President & COO: Taichi Kotegawa
Group Business:
Domestic and ASEAN EPC Business
•    Renewable energy facility construction
•    Wireless communication facility construction
•    Electrical facility construction
•    Air conditioning and sanitary facility construction
Real Estate Business
Recruitment and Staffing Business
Established: August 1970
Capital: 1.06 billion yen (August 2022)
Sales: 10.381 billion yen (Consolidated, August 2022)
Listed: Tokyo Stock Exchange Standard Market (Security Code: 1434)
URL: https://www.jesco.co.jp/