UK clean technology firm Altilium has unveiled plans for a £30 million investment in Plymouth’s clean energy infrastructure, supporting the development of a domestic circular economy for essential battery minerals.
The funding will support the development of the ACT 3 scale-up plant, positioning Plymouth as a leader in the UK’s clean energy transition. The facility, set to be commissioned in late 2026, will create over 50 high-skilled jobs across engineering, research and development, and operations.
Spanning 174,000 square feet, the Plymouth EV battery recycling site will recover lithium, nickel and cobalt from 24,000 end-of-life EVs annually. These materials will be repurposed for new EV battery production in the UK, enhancing industrial resilience, energy security, and economic growth.
Altilium has already secured £14 million in inward investment from major international backers. As part of its expansion, the company is inviting local investors to participate in its future success through the upcoming Series B1 retail funding round, opening to the public on 16 June.
With global demand for EVs rising, securing a domestic supply of critical minerals through battery recycling reduces reliance on imports and lowers carbon emissions, making EVs even more sustainable.
