Gjenkraft’s proprietary pyrolysis technology makes it possible to recycle close to 100% of wind turbine blade materials.

– Gjenkraft press release: 2nd September 2025 –

Gjenkraft AS has successfully completed a capital raise totaling NOK60 million, enabling the launch of commercial operations at its first industrial recycling plant in Høyanger, Norway. With an annual capacity of 2,800 tonnes, the facility will become the world’s first commercial-scale plant dedicated to the recycling of wind turbine blades.

The financing package consists of a combination of public grants and private capital: an EU Horizon grant awarded in December 2022, two project contributions from Innovation Norway, and a final tranche of NOK8.6 million through a mix of debt and a share issue that attracted eight local and regional investors. This final step was the decisive piece that completed the NOK60 million financing package, paving the way for groundbreaking industrial development in Høyanger, Vestland, and Norway.

Gjenkraft’s proprietary pyrolysis technology makes it possible to recycle close to 100% of wind turbine blade materials – including glass fibre, carbon fibre, oils, foams, and metals – turning them into valuable raw materials. The technology delivers significant reductions in greenhouse gas emissions compared to incineration, while eliminating the need for landfilling and reducing the extraction of virgin raw materials.

Marcin Rusin, CEO of Gjenkraft: “This represents a turning point for Gjenkraft and for the industry as a whole. We are moving from development to full commercialization, and we are proud to establish the world’s first commercial recycling plant for wind turbine blades here in Høyanger.”

Arvid Lønne, Chairman of Gjenkraft: “With the financing secured, we can now build a commercial production plant that is both economically sustainable and industrially competitive. This provides a solid foundation for further growth in Norway and across Europe. The volumes of composite waste that must be handled in the years to come are enormous, and we are ready to take a leading role in addressing this challenge.”

Svein Tore Torvund, CFO of Gjenkraft: “We are extremely pleased to have eight local and regional investors on board. This is a strong vote of confidence, and their contribution of NOK 8.6 million has been the key to securing the total framework of NOK 60 million. With this, jobs are anchored in the local community – while at the same time strengthening our international breakthrough potential.”

Local roots – global impact

The Høyanger facility will be Gjenkraft’s first commercial plant, creating new jobs in the region and building a strong foundation for growth. At the same time, Gjenkraft is positioning itself for further expansion across Europe, with ambitions to establish multiple plants and reach a total capacity of 100,000 tonnes per year by 2035.

Read more about Gjenkraft’s role in REFRESH in our Meet the Partners article.