- Altilium Metals received over £750,000 from the Green Innovation Fund.
- The company can recover over 95% of lithium, nickel, cobalt, and manganese from EV batteries.
- By early next year, Altilium plans to have a recycling plant in Europe with a capacity of 24,000 batteries per year.
- A feasibility study for the UK's largest EV battery recycling plant, capable of recycling 150,000 batteries annually, has been completed.
Investment and Support
Altilium Metals, based in Tavistock, received over £750,000 from Devon County Council's Green Innovation Fund to develop its electric vehicle (EV) battery recycling technology. The company has also secured further investment from the UK government’s Automotive Transformation Fund.
Recycling Technology
Altilium Metals' technology, verified by a two-year study by the University of Plymouth, can recover over 95% of critical minerals such as lithium, nickel, cobalt, and manganese from waste EV batteries. This reduces the need for primary raw materials and lowers the carbon footprint of new EVs.
Future Plans
Altilium aims to recycle one EV battery per day at its Tavistock technology center later this year. By early next year, it plans to have its first recycling plant operational in Europe, with a capacity to recycle 24,000 batteries annually. Additionally, a feasibility study for the UK's largest EV battery recycling plant, capable of recycling 150,000 batteries per year, has been completed.
Strategic Importance
Recycling critical minerals is a key priority under the UK government’s Critical Minerals Strategy, essential for achieving net zero ambitions. Altilium's work contributes to a stable, domestic supply of these minerals, enhancing the UK's energy security.
