ReCam

Investor: UK government

The UK government has funded a consortium of UK organisations, including Recyclus, UK Battery Industrialisation Centre, Watercycle Technologies, and Polaron, to develop lithium-ion battery recycling technology. Summary of transaction details: Value: Not disclosed Sector: Industrials & Energy Advisor: Not disclosed Key Entities: ReCam, Recyclus, UK Battery Industrialisation Centre, Watercycle Technologies, Polaron Location: UK Note: The funding is part of the Battery Innovation Programme, which aims to support the development of a circular economy for batteries in the UK, reducing the country's reliance on foreign imports for battery production and recycling, and unlocking significant economic value.