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Renewable Metals

Renewable Metals allows outdated batteries to retain essential minerals, extending their useful life.

Backed by

Grantham FoundationGrantham Foundation
InvestibleInvestible
Virescent VenturesVirescent Ventures

Raised 8M SEED on October 5, 2023

About

Renewable Metals develops an alkaline leaching battery-recycling process that eliminates black-mass preprocessing, avoids sodium sulfate waste, achieves >95% metal recovery at pilot scale and supports chemistries including LFP.

Mission

Renewable Metals develops an alkaline leaching recycling process that removes the need to pre-process to black mass, avoids secondary sodium sulfate waste, and simplifies extraction. The process has achieved metal recovery rates greater than 95% at pilot scale, including for lithium, and is reported to deliver up to 30% cost reductions versus competitors. It can be applied across multiple battery chemistries, including LFP, making it suitable as market mixes shift. The company raised $8 million in seed funding to scale and commercialise the technology. Proceeds will be used to stand up a pilot plant in Perth and accelerate construction of a larger demonstration plant capable of recycling up to 1,500 tonnes per year, while expanding the team to build an Australian industry and global presence. Renewable Metals was founded by a team of metallurgists and won the inaugural Supercharge Australia Innovation Challenge Award.

Quick Facts

Founded

2022

Funding

SEED

Industry

Battery, Clean Energy, CleanTech, Recycling

Team Size

1-10

Headquarters

Welshpool, Victoria, Australia

Renewable Metals | Matchbox | Matchbox