PLYMOUTH, England, May 16, 2024
/PRNewswire/ -- Altilium, a UK-based clean technology group focused
on supporting the transition to net zero, is proud to announce
that it has secured backing from the UK government to begin rapid
prototyping of lithium-ion EV battery cells using recycled cathode
active materials (CAM).
The innovative project, the first of its kind in the UK, has
received grant funding of £639,797 (US$798,114) from Innovate UK's Faraday Battery
Challenge. Production of the cells will take place at the UK
Battery Industrialisation Centre (UKBIC), the UK's national
battery manufacturing scale-up facility, using CAM produced at
Altilium's UK pilot facility.
Altilium 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. Using its proprietary EcoCathode™ process, Altilium
recycles over 95% of the cathode metals, including lithium, from
old EV batteries. The process results in a 60% reduction in carbon
emissions and 20% lower costs compared to virgin materials.
This new initiative marks a significant step towards the
development of a circular economy for the battery industry and the
decarbonisation of battery cells. As well as addressing concerns
over battery waste disposal, it will enable automotive OEMs to meet
sustainability goals and minimum recycled content regulations.
The project will involve a full pouch cell run at the UKBIC
facility, as well as analysis of the quality and performance of the
cells, and benchmarking against UKBIC's baselines cell.
By demonstrating at-scale manufacturing of battery cells using
recycled CAM, the project will advance commercialisation of
Altilium's technology, paving the way for supply deals with OEMs
and battery manufacturers and de-risking investment in further
scale-up, including construction of the UK's largest planned
commercial plant for EV battery recycling and CAM production.
Successful completion of the project will also have wider
benefits for the UK economy and the environment. By developing a
domestic, sustainable source of battery raw materials, Altilium is
helping to meet the growing demands of new green industries, such
as EV manufacturing, while reducing the UK's reliance on
imported materials and supporting the transition to net zero.
Alitlium COO Dr Christian Marston
commented: "We are excited to lead the way in sustainable
battery production through this collaboration with UKBIC. This new
project will advance commercialisation of Altilium's technology,
demonstrating our EcoCathode™ 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."
EV batteries typically account for up to 60% of the embedded
greenhouse gases in EV production. On average, mining and refining
battery raw materials accounts for about a quarter of these
emissions. Recovering these materials from end-of-life batteries
and Gigafactory scrap can therefore play a critical role in the
decarbonisation of EV production.
CAM, which is made up of lithium and other critical metals, is
the most expensive component in an EV battery, as well as the most
carbon-intensive. In a modern EV, the material contents of the
cathode make up about 50% of the battery cell cost and 8-10% of the
total cost of an EV. Processing battery waste to CAM therefore
captures more of the value of the critical materials.
Altilium's planned Teesside recycling plant will have capacity
to produce 30,000 tonnes of CAM a year – enough to meet nearly 20%
of expected UK demand by 2030.
Altilium was awarded the funding through the £610m Faraday
Battery Challenge (FBC), which is delivering a research and
innovation programme that covers "Lab to Factory" development,
cutting-edge research, national scale-up infrastructure, and skills
and training. The FBC announced £1.5m of funding for leading edge
UK battery developers today at Battery Cells and Systems Expo, at
the National Exhibition Centre (NEC) in Birmingham.
About Altilium
Altilium is a UK-based clean tech group that will reshape the UK
and European automotive supply chain by offering high volume, low
carbon domestic sources of cathode and anode materials from
recycling waste streams already in circulation, such as lithium
scrap.
The company's proprietary "EcoCathode" process converts
end-of-life EV batteries and manufacturing scrap into domestic,
sustainable, battery precursors, cathode active materials (CAM) and
cathode precursor (pCAM) for direct reuse in new batteries.
Altilium's first mini-commercial plant is currently under
construction in Plymouth while its
planned Teesside plant will be one of the largest EV battery
recycling facilities in Europe.
The plant will have the capacity to process scrap from over
150,000 EVs per year, producing 30,000
MT of CAM, enough to meet around 20% of the UK's expected
needs by 2030.
The company is backed by SQM Lithium Ventures, the corporate
venture arm of the lithium business of Sociedad Quimica y Minera de
Chile (SQM).
For more information go to www.altilium.tech
About the Faraday Battery Challenge
The Faraday Battery Challenge (FBC), delivered by Innovate UK,
is a £610 million UKRI Challenge Fund investment, delivering a
mission-led, research and innovation programme that covers "Lab to
Factory" development, cutting-edge research, national scale-up
infrastructure, and skills and training.
The FBC seeks to address market failures in road transport
decarbonisation and to attract investors to the UK's battery
industry. By leveraging scientific strength, with our delivery
partners: Faraday Institution, UK Battery Industrialisation Centre
(UKBIC) and Innovate UK, we are building an ecosystem that supports
industry growth and ensures UK prosperity.
Learn more about FBC: Faraday battery challenge – UKRI
About Innovate UK
Innovate UK, part of UK Research and Innovation (UKRI), is the
UK's innovation agency. It works to create a better future by
inspiring, involving and investing in businesses developing
life-changing innovations.
Its mission is to help companies to grow through their
development and commercialisation of new products, processes and
services, supported by an outstanding innovation ecosystem that is
agile, inclusive and easy to navigate.
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