Green Lithium
This company is developing the UK's first merchant lithium refinery to process hard-rock ore into essential lithium chemicals. This domestic midstream capacity addresses the forecasted global shortfall in lithium supply needed for battery production. The operation supports the electrification of the economy by providing locally refined materials for the growing battery cell market.
- Battery Technology
- Clean Technology
- Energy
- Hardware
Funding
Raised to date
$8.9MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The UK and EU face critical supply chain challenges in securing battery-grade lithium, a key component for electric vehicle (EV) batteries, as demand for EVs surges. Current lithium refining capacity is insufficient to meet the growing demand, with a significant portion of refining dominated by China. This dependence creates a bottleneck for European EV production and energy transition goals.
Solution
Green Lithium is establishing a merchant lithium refinery in the UK to address the lithium supply shortage and reduce reliance on foreign sources. The refinery will utilize advanced refining techniques to produce battery-grade lithium chemicals, a crucial material for EV batteries. By operating as a flexible merchant refiner, Green Lithium can source lithium from various mines and supply it to multiple cell producers, enhancing supply chain security. The refinery's output will contribute significantly to European battery production capacity, supporting the transition to electric vehicles and reducing carbon emissions.
Target Audience
The primary customers are electric vehicle battery manufacturers and automotive companies in the UK and Europe that require a secure and reliable supply of battery-grade lithium.
Features
- Production of over 50,000 tonnes of battery-grade lithium annually.
- Flexible merchant refining model, sourcing lithium from diverse suppliers.
- Advanced refining techniques to ensure high-quality lithium output.
- Large-scale plant output representing a significant share of European battery demand.
- Focus on sustainable and responsible refining practices.