We describe a Fabry-Perot etalon spectrometer with a novel light recirculation scheme to generate simultaneous parallel wavelength channels with no moving parts. This design uses very simple optics to recirculate light reflected from near normal incidence from the etalon at successively higher angles of incidence. The spectrometer has the full resolution of a Fabry-Perot with significantly improved photon efficiency in a compact, simple design with no moving parts. We present results from a conceptual prototype and a corresponding model.