Clean energy technology firm Altilium has announced the details of its £30m electric vehicle (EV) battery recycling facility.

Located in Plymouth, the ACT 3 facility will open in late 2026, and will be able to recover cobalt, lithium, and nickel from 24,000 EVs per year.

These materials can then be used to produce new EV batteries, reducing reliance on imported goods, and reducing waste.

Tom Briars-Delve, cabinet member for environment and climate change at Plymouth City Council, said: “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.”

The 174,000 square foot facility will employ more than 50 highly-skilled workers, in roles from engineering, to research and development.

Altilium will launch a Series B1 funding raise on 16th June, in partnership with investment platform Republic Europe (formerly Seedrs), allowing private investors to invest in the company as it expands.

Dr Christian Marston, chief operating officer at Altilium, said: “We’re proud to be investing in Plymouth and helping to build a new, sustainable industry in the region that supports jobs, innovation and the environment.

“Our ACT 3 facility is more than just a recycling plant, it’s a critical part of the UK’s clean energy future.

“We’re excited to grow our footprint in the South West and invite individuals to be part of this journey.”

Altilium currently employs 50 people across three facilities in Plymouth, working not only in EV battery recycling, but also battery material production.

The firm has developed a proprietary EV battery recycling technology called EcoCathode, which it hopes to scale up.