Altilium, a UK-based clean technology group focused on supporting the transition to net zero, today unveiled details of a planned £30m investment in the region’s clean technology infrastructure as the company welcomed representatives from Plymouth City Council and Devon County Council to the site of its new ACT 3 EV battery recycling facility in Plymouth.

The investment in the groundbreaking ACT 3 scale-up plant will help to position Plymouth at the forefront of the UK’s clean energy transition and marks a significant milestone in Altilium’s mission to establish a domestic circular economy for the critical minerals needed to support the nation’s net zero goals.

Commissioning of the first-of-a-kind facility is expected in late 2026, with the creation of over 50 high-skilled jobs, spanning engineering, research and development and operations.

During a tour of the 174,000 square foot site, the delegation of senior council staff met with Altilium’s leadership team to see first-hand the progress at the facility, which will recover critical battery materials such as lithium, nickel and cobalt from 24,000 EVs per year. These valuable materials will then be used for the production of new EV batteries in the UK, supporting industrial resilience, energy security and economic growth.

Councillor Tom Briars-Delve, Cabinet Member for Environment and Climate Change at Plymouth City Council, commented: “It is fantastic to see Altilium continue its commitment to Plymouth, investing in more facilities to scale-up their innovative technology for sustainable recovery of critical minerals from EV batteries. This is exactly the type of company we are keen to support as it is boosting the next generation of green, well-paid jobs for local residents. We look forward to the build out of this new facility.”

To date, Altilium has attracted £14m in inward investment to the region, with major international backers including Chile’s SQMi, Japanese trading group Marubeni and Mizuho Bank. As part of its ongoing expansion plans and commitment to engaging with local communities, the founders are now offering local investors an opportunity to share in the company’s future success, through the upcoming launch of its Series B1 retail funding round.

The new funding raise will open to the public on 16th June and is in partnership with Republic Europe (formerly Seedrs), Europe’s leading online private investing platform.