Clean tech firm secures government EV backing - Insider Media
Summary
Devon-based clean technology group Altilium has secured backing from the UK government to begin prototyping of EV battery cells produced with recycled materials.The project, which is said to be the first of its kind in the UK, has received grant funding of \xa3639,797 from Innovate UKs Faraday Battery Challenge.Production of the cells will take place at the UK Battery Industrialisation Centre (UKBIC), the UKs national battery manufacturing scale-up facility. It will use (cathode active materials (CAM) produced at Altiliums UK pilot facility.Altilium said it is the only company in the UK recycling and upcycling old EV batteries to produce high nickel CAM for direct reuse in new EV batteries.It said that using its proprietary EcoCathodeTM process, Altilium recycles more than 95 per cent of the cathode metals, including lithium, from old EV batteries.The process results in a 60 per cent reduction in carbon emissions and 20 per cent lower costs compared to virgin materials.Alitlium chief operating officer Dr Christian Marston said: "We are excited to lead the way in sustainable battery production through this collaboration with UKBIC. "This new project will advance commercialisation of Altiliums technology, demonstrating our EcoCathodeTM recycling process at our new ACT 2 facility at a suitable scale to OEMs, battery manufacturers and investors, and de-risking investment in further scale-up."