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UK set for first EV battery recycling plant with £18.5m grant award

Jonathan Symcox — Tue, 14 Apr 2026 07:20:12 +0000

The UK is set for its first electric vehicle battery recycling plant.

Altilium has been awarded £18.5 million in grant funding through the UK government’s DRIVE35 Scale-Up Fund, delivered by the Department for �Ͼ�Ʒ�� and Trade in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK.

The funding will support the construction of Altilium’s new ACT3 recycling plant in Plymouth, Devon. Construction of the facility is expected to commence in summer 2026, with commissioning planned for the end of 2027.

The Plymouth-based firm, founded by a trio of investment and commodities professionals, says the facility will have the capacity to process 24,000 EV batteries per year and recover critical minerals from them.

These include nickel mixed hydroxide precipitate (MHP), lithium sulphate and graphite, which are all essential components for next-generation battery manufacturing.

The firm says that by recovering these materials from recycled feedstocks, Altilium is establishing a domestic circular supply chain for low carbon battery materials in the UK, reducing reliance on imported raw materials, strengthening energy security and supporting the UK’s automotive sector.

The expansion is expected to create 70 new high value jobs in Plymouth, where Altilium already operates the UK’s only hydrometallurgical pilot plant for EV battery recycling.

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The project will also provide the foundation for the company’s industrial scale ACT4 recycling plant in Teesside, which will have capacity to process 150,000 EV batteries per year, producing 30,000 tonnes per year of cathode active materials (CAM).

Altilium was founded by CEO Kamran Mahdavi, COO and president Dr Christian Marston and finance director Sean Joseph in 2020. Mahdavi has over 20 years experience in the commodities sector; Dr Marston previously spent 13 years at global trading and investment company Sumitomo Corporation, where he managed a number of businesses units including energy products, and has a PhD in materials science; and Joseph has 23 years’ experience as an investment banking professional.

“This funding marks a pivotal moment for Altilium and for the UK’s battery ecosystem,” said Dr Marston.

“By scaling our recycling technology and building the UK’s first commercial facility of its kind, we are closing the loop on battery materials and enhancing the growth, productivity and competitiveness of the UK automotive supply chain.”

The £18.5m grant funding is expected to unlock further private finance from new investors and existing shareholders. Altilium has secured over £17m in private investment to date, including strategic investments from SQM, Marubeni Corporation and Mizuho Bank.

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25 tech startups join Tech Nation’s Climate Programme

Jonathan Symcox — Thu, 26 Mar 2026 16:58:51 +0000

Tech Nation has unveiled the 25 innovative ClimateTech companies joining its 2026 Climate Programme.

Tech Nation, powered by Founder’s Forum Group – described as the UK’s leading growth platform and industry body for startups and their teams – selected high-potential companies tackling some of the most urgent challenges across food systems, industrial decarbonisation, energy, materials and nature restoration.

Collectively, the cohort has raised $250m+ in funding; works with global corporates including Microsoft, Shell, Salesforce, Heathrow, SUEZ and TotalEnergies; and represents a new generation of founders building commercially viable, scalable solutions to the climate and biodiversity crises.

The four-month growth programme accelerates high-potential tech startups that bridge the gap between climate innovation and industry. The programme supports leading ClimateTech companies to scale their impact by accessing the right investors and multinational customers, and by providing founders with a platform to advance climate policy and remove regulatory barriers.

Backed by Tech Nation’s Founding Partner, HSBC Innovation Banking, and Sage, this year’s Climate Programme showcases a diverse and global cohort.

The 2026 programme represents Tech Nation’s most mature programme to date, with companies having raised an average of £9 million, employing 370+ people collectively and 76% planning to expand internationally.

And 23 out of 25 companies are building in hardware or life sciences, signalling a shift toward deep tech climate solutions.

Established in 2020 as part of the UK Government’s Net Zero by 2050 strategy, the Climate Programme has built an incredible network of over 165 leading climate tech companies including Circulor, Foodsteps (acquired by Registrar Corp), Xampla, Olio, Electron and Ox Delivers.

Companies who have been part of the programme have raised 50% more than the industry average and alumni have raised over £1.5 billion since graduating.

Sammy Fry, director of climate and nature at Tech Nation, said: “As global competition around climate technologies intensifies, the UK and Europe has a critical opportunity to lead.

“This cohort demonstrates the strength of our ecosystem. Founders are building solutions that address not only emissions, but energy security, resource constraints and industrial resilience on a global stage.”

The 2026 cohort

Allye Energy – Cloud-connected energy storage enabling distributed power systems

Aquanzo – Organic waste sustainable nutrition for aquaculture, pets and food systems

Bactery – Clean electricity generated from soil

Biozeroc – Developing carbon-negative cement alternatives to decarbonise construction

Epoch Biodesign – Using enzymes to break down plastic waste

Finmile – Optimising delivery operations through intelligent routing and logistics software

Fornax – Simplifying low-carbon heating with integrated systems and flexible payments

H2CHP – Fuel-cell efficiency at generator cost

JUICY – Enabling home energy storage to support decentralised renewable power

Kavaken – Making renewable energy more profitable by combining analytical AI & GenAI

Modern Synthesis – Engineering biomaterials to replace resource-intensive materials

Natural Building Systems – Enabling homes that are healthier and kinder to the planet

NetZeroNitrogen – Reducing agricultural emissions through nitrogen solutions

Odqa – Harnessing solar energy to deliver industrial heat without carbon emissions

Origen Carbon – Capturing & permanently removing carbon dioxide from the atmosphere

Porpoise Power – Generating tidal energy through underwater propulsion systems

Pyri – Detecting wildfires early through bio-based sensing and real-time monitoring

Rensair – Reducing energy consumption of ventilation, while improving indoor air quality

Sorted – Scaling intelligent waste sorting and measurement infrastructure

Tewke – Monitoring and optimising household energy through smart connected systems

Treeconomy – Quantifying and unlocking the value of nature-based carbon removal

Vertus Energy – Producing renewable natural gas from organic waste streams

Vuala – Streamlining food waste recycling for households and businesses

WASE – Converting waste into energy through advanced bioelectrochemical systems

Xampla – Creating innovative materials from plant proteins to replace single-use plastics

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Graduate turns dissertation into GreenTech business

Jonathan Symcox — Wed, 25 Mar 2026 22:36:45 +0000

A graduate has raised £422,000 from investors to reimagine wind energy.

Adarsh Bhardwaj is an aero-mechanical engineering graduate from the University of Strathclyde.

He started Regeno at the age of 23, having had the idea at the age of 18 before completing his dissertation on wind turbines.

Regeno’s mission is to make wind energy economically viable. The startup, based in Glasgow City Innovation District, has created a unique wind turbine design that can be serviced from ground level, meaning parts can be replaced without need of large cranes or special offshore equipment.

As a result, installation costs are lower, repairs are quicker and clean energy can be expanded more easily.

After graduating in 2023, Bhardwaj attended an event at the Inspire Hub at Strathclyde, which introduced him to the entrepreneurial ecosystem and the support available through Strathclyde Inspire.

An initial £1,000 grant helped develop the first prototype, and Regeno soon secured a spot on the Inspire Accelerator programme, gaining access to investor-readiness training, mentorship and an additional £5,000 grant.

The investment round was supported by a consortium including One Planet Capital, Gabriel Investment Syndicate, University of Strathclyde, SFC Capital, Scottish Enterprise and the British �Ͼ�Ʒ�� Bank.

Bhardwaj said: “This investment represents strong validation of both our technology and our vision.

“The UK relies too heavily on outdated and impractical green energy solutions, and there is a huge need for technologies that are practical and customer-focused if we are to meet our ambitious targets.

“We are proud to have our mission backed by such experienced climate and innovation investors as we move into our next phase of deployment.”

Marking the successful close was London-based fund and lead investor SFC Capital.

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Adam Beveridge, principal at SFC Capital, said: “Wind energy has enormous potential, but there are many structural hurdles.

“Regeno’s turbine design tackles these issues directly with a practical, ground-level approach that makes wind power more accessible and affordable. We’re pleased to back Adarsh and the team as they work to make clean energy a more viable choice for more people.”

Anne Henderson, head of investment at the University of Strathclyde, said: “Regeno exemplifies the practical, mission-driven innovation we champion at Strathclyde. By enabling wind turbines to be serviced from ground level, Regeno is removing key barriers to clean energy adoption—making wind power more accessible for communities and businesses.

“Our investment, via Strathclyde Inspire and the Stephen Young Award, underlines our commitment to practical, scalable cleantech built in Scotland. We’re delighted to support Adarsh and the team as the company enters its next phase of testing and commercialisation.”

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Octopus’s $1bn California deal ‘to boost UK growth’

Jonathan Symcox — Tue, 17 Feb 2026 08:08:25 +0000

Octopus Energy Generation is injecting nearly $1 billion in California CleanTech – a move which it says will boost growth back here in the UK.

One of Europe’s leading investors in renewable energy, Octopus will back two Californian carbon removal companies pioneering grassland restoration and reforestation to transform degraded land into high-quality CO2-absorbing assets.

It says several Big Tech companies have already been lined up as carbon credit offtakers.

The newly unlocked funding will also invest in heat batteries to fast-track the decarbonisation of hard-to-electrify industries. The tech allows swapping polluting fossil-fuel boilers with systems powered by renewable energy.

Additionally, Octopus will acquire a solar and battery project in California, aiming to help turn the state’s abundant sunshine into clean, cheap power. The project is expected to become fully operational by July 2026.

This builds on Octopus’s previous investments in Stateside CleanTech infrastructure, with the company aiming to deploy a total $2bn in the US energy transition by 2030.

California is already generating more than two-thirds of its electricity from clean sources. It’s the world’s largest economy to reach this milestone with plans to achieve 100% by 2045.

Zoisa North-Bond, CEO at Octopus Energy Generation, said: “Octopus and California are both leading the way in clean energy innovation. With supportive policy and world-class entrepreneurship in and around Silicon Valley, it’s an ideal place to back long-term investment partnerships that will benefit the UK economy.

“We’re excited to expand Octopus internationally, backing the booming U.S. clean tech sector while bringing innovation, growth and returns to the UK.”

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This marks the latest step in Octopus’s mission to accelerate the global energy transition and help enable a fully zero-carbon future. It follows a string of deals across North America, including investments in floating offshore wind company Ocergy and solar farms in Ohio and Pennsylvania.

Through its US business, Octopus already powers thousands of homes in Texas with green electrons, bringing clean energy and smart, money-saving tariffs to people across the region.

The announcement was made during a visit by the Governor of California to Octopus’s headquarters in London.

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Palatine-backed Papilo makes ‘transformational’ acquisition

Jonathan Symcox — Fri, 06 Feb 2026 08:45:24 +0000

Private equity-backed Papilo has announced the strategic acquisition of Warwick-based Allwood Recycling Solutions.

Papilo, based in Manchester, is a total waste management solutions provider backed by Palatine’s Impact Fund.

The acquisition creates a combined group with over 200 employees and annual revenues of more than £60 million.

Allwood, founded in 2010 by Darren Wheeler, is a nationwide provider of total waste management solutions with a strong specialism in the distribution and logistics sectors. Allwood manages over 150,000 tonnes of material each year.

The company, which like Papilo operates an asset-light business model, has been led since 2025 by Gavin Ebery, who has risen through the ranks from commercial director and COO. Both Ebery and Wheeler are remaining with the enlarged group, alongside the wider employee base of Allwood.

The acquisition is the second and largest since North West-based Papilo partnered with Palatine’s Impact Fund, which invests in commercial businesses specialising in delivering social and environmental change. Papilo acquired Silverwoods Waste Management last year.

It is a significant milestone in Papilo’s ambition to lead the way in fostering a circular economy, where waste is minimised and resources are maximised.

“The Allwood team are hugely well-regarded in the industry and I am delighted to welcome Gavin, Darren and the wider Allwood team to Papilo,” said Paul Hodgkiss, CEO of Papilo (pictured). “They bring outstanding experience, technical knowledge and from the outset, it was clear that we share a common purpose where sustainability, and the circular economy, sit at the centre of every service.

“This is a milestone acquisition for the group and will be a major platform for growth.”

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Ebery said: “This deal brings together two purpose-driven, like-minded businesses and I’m very excited about the opportunities it will bring to our customers and our people.

“We look forward to a new phase of growth as part of Papilo in a market where increasing numbers of blue-chip companies are rolling out zero waste strategies.”

Greg Holmes, senior investment director at Palatine Impact Fund, commented: “This is an important strategic acquisition for Papilo, broadening our service capabilities and brings new experience and technical knowledge into the business.

“We are delighted to have supported on Papilo’s second acquisition in the last eight months and look forward to identifying other suitable targets that will further enhance Papilo’s growth.”

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Modern Milkman takes total funding to £60m with £10m raise

Patrick Killeen — Wed, 28 Jan 2026 09:30:38 +0000

Modern Milkman has secured a £10 million investment from Salica Investments, taking total funding raised by the sustainable grocery delivery business to more than £60m.

The funding will support the continued expansion of the Manchester-based firm’s doorstep delivery model as the business builds out a broader logistics and services platform for households across the UK.

Leveraging its existing delivery infrastructure, the company plans to roll out additional integrated services aimed at making sustainable, low-waste choices easier and more convenient for customers.

The investment marks the first direct-to-consumer deal from Salica’s Growth Debt Fund, with the London-headquartered investor backing the company’s scale-up strategy and long-term focus on sustainability.

Founded in 2019 by Simon Mellin, Modern Milkman has grown from a local milk round in Colne, Lancashire into a national operation serving more than 100,000 households.

The company operates an app-driven platform that optimises routing and ordering to reduce waste, delivering groceries and household essentials in reusable glass bottles and returnable containers.

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In January 2024, the business expanded into the US through a strategic acquisition and now operates across Connecticut, Massachusetts, Rhode Island, Ohio and New York.

Just over a year later, it made a second transatlantic acquisition when swooping for Pine Tree Dairy’s home delivery network.

Mellin, a �Ͼ�Ʒ��Cloud Northern Leader, said: “Modern Milkman has a strong, distinctive and convenient offering for households across the UK.

“This timely investment from Salica enables us to go beyond customer expectations and unlock a new generation of integrated doorstep services.

“Our growth and customer satisfaction demonstrate a clear consumer appetite for sustainable alternatives.

“With this backing, we’re well-positioned to scale while helping households reduce their environmental impact.”

Usman Ali, partner in Salica’s Growth Debt Fund, added: “Modern Milkman is a business with exceptional leadership and a clear strategy.

“Its commitment to sustainability and the circular economy creates long-term value while addressing global environmental challenges.”

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£2bn green Man Utd stadium moves one step closer

Jonathan Symcox — Mon, 26 Jan 2026 15:14:41 +0000

Manchester United’s new stadium has moved a step closer with the launch of the Old Trafford Regeneration Mayoral Development Corporation.

The club hailed the launch as a major milestone in the journey towards developing ‘a new world-class home for the club and a vibrant district around Old Trafford’.

The futuristic plans to create the world’s most sustainable stadium include a vast, umbrella-like canopy which designers Foster + Partners say will house thousands of integrated solar panels, helping generate renewable electricity to power parts of the stadium.

This could significantly reduce the stadium’s reliance on traditional energy sources, although it remains to be seen how much of the overall power consumption this would produce.

As well as harvesting solar energy, the canopy design will also collect rainwater that can be used for things like pitch irrigation and flushing toilets, reducing water waste and easing demand on local supplies.

The blueprint for the brand-new 100,000-seater ground also mapped out plans to create a walkable green space in the surrounding district – all of which will be well connected by improvements to public transport links to align the project with the city’s broader environmental goals.

With no redevelopment since 2006, the once-revered stadium now languishes in a sad state of disrepair due to years of chronic under-investment by the club’s much-loathed owners, the Glazer family.

Leaking roofs, crumbling fixtures and even rodent infestations have become the new norm, turning what was once among the world’s best football stadiums into a source of great amusement for rival fans.

However with the launch of the OTR MDC, the transformation of the 370-acre Old Trafford area – supporting the delivery of more than 15,000 new homes and 90,000 jobs, improved public spaces, and significant infrastructure benefits for supporters, residents and visitors – are closer to reality.

The developments – expected to take around five years once construction commences – are expected to add over £7 billion per year to the UK economy.

Club officials are busy working alongside the government and local authorities to secure access to public money to help pay for the gargantuan project – estimated to cost in the region of £2bn.

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“It’s an honour to represent Manchester United at the launch of the Old Trafford Regeneration Mayoral Development Corporation,” said United COO Collette Roche.

“Our ambition is to build the world’s best football stadium – one worthy of our supporters, our history and our future. We want to create the best matchday atmosphere and experience anywhere in world football, while ensuring the stadium acts as a catalyst for a vibrant new district for fans, residents and visitors.”

OTR MDC chair Lord Coe said: “Today is a defining moment, the beginning of a long-term commitment to transforming the Old Trafford area. We are now open for business – and there’s a lot to do!

“Over the next few months, we will share our outline masterplan, and we will begin to make this vision a reality.”

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£3bn energy giant Drax makes £36m swoop for Edinburgh firm

Patrick Killeen — Wed, 21 Jan 2026 08:36:44 +0000

Drax has agreed to acquire Flexitricity, an Edinburgh-based optimiser of flexible energy assets, from energy transition investor Quinbrook in a deal valuing the business at £36 million.

The FTSE-listed group, which produces sustainable biomass, said the acquisition is expected to complete in Q1 2026, but will remain conditional on regulatory approvals and processes.

Flexitricity, founded in 2004, helps owners of flexible energy assets optimise and sell their power into wholesale, balancing and ancillary markets.

It uses its own controls platform and works with both grid-scale and behind-the-meter assets, including battery energy storage systems (BESS), gas peakers, renewables and demand-side response.

The business currently manages more than 900MW of operational assets and employs around 85 people, who are expected to join the group once the deal completes.

The deal will expand Drax’s FlexGen business and support its ambition to develop a gigawatt-scale pipeline of BESS opportunities, combining ownership of physical assets with the ability to optimise third-party infrastructure.

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The company already provides a route to market for around 2,000 embedded third-party renewable assets, representing roughly 800MW of capacity through its Drax Energy Solutions unit.

It expects the acquisition to generate returns “significantly in excess” of its weighted average cost of capital.

The Yorkshire-headquartered energy giant currently has a market cap of over £2 billion.

Its share price has risen by just under 43% in the past 12 months to 888.5p.

“We are pleased to announce the acquisition of Flexitricity,” said Drax Group CEO, Will Gardiner.

“We are ambitious about growing and developing our FlexGen business and Flexitricity’s technology and team are a strong strategic fit for us.

“Adding Flexitricity’s expertise and capability which uses AI and advanced machine learning software, delivered via their proprietary platform, supports our options for growth, particularly in our plans for a GW scale BESS portfolio as a part of our FlexGen business, while continuing to provide energy security to the UK power system and delivering new energy services for our customers.

“I would also like to welcome Flexitricity’s employees to the group and its customers who we look forward to working with and continuing to serve following completion of the acquisition.”

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Roberts named associate director of The Growth Company’s Green Economy

Patrick Killeen — Wed, 14 Jan 2026 13:09:49 +0000

Green Economy, part of The Growth Company, has appointed Stuart Roberts as associate director as it expands its national presence.

Roberts brings more than 15 years’ experience across business development, sustainability consultancy, the built environment, commercial energy solutions and education.

He has previously worked for Cheshire County Council and spent five years as managing director of Chester-based Living Logic.

More recently, he has held consultancy roles at Mantis Energy, Pick Everard and Resolve Energy.

In the role, he will lead business development, grow the Greater Manchester firm’s consultancy and commercial services, as well as oversee strategic partnerships supporting green tech development and public-sector policy delivery.

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“My focus is on building relationships that help businesses, organisations and regions meet their sustainability goals, while balancing business profitability, economic development and productivity targets,” said Roberts.

“From consultancy and training to research and programme development, we’re building the tools and partnerships needed to turn environmental policy into action.

“We’re open to conversations with businesses, organisations, local and central government to accelerate the transition to a low-carbon economy.

“Let’s work together to drive decarbonisation, unlock green growth, and create a more sustainable future.”

Green Economy provides end-to-end support to businesses as the UK decarbonises.

The business looks to help organisations cut emissions while also supporting growth across the green technologies and services supply chain.

Amy House, director at Green Economy, added: “Stuart joins us at the right time for Green Economy, as we scale our impact and ambition.

“His breadth of experience in sustainability and business development, will help us continue to turn the UK’s climate commitments into tangible action.

“Stuart understands that decarbonisation isn’t just an environmental necessity but a driver of competitiveness and growth.”

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Nova Pangaea Technologies appoints Stewart Stewart as CEO

Patrick Killeen — Tue, 13 Jan 2026 15:48:24 +0000

Redcar-based EnviroTech Nova Pangaea Technologies has appointed experienced energy executive Stewart Stewart as its new CEO.

Stewart brings more than 30 years of experience commercialising breakthrough low-carbon technologies and scaling venture-backed businesses across the UK and the US.

In his new role, he will lead the business through its next phase of growth, including the development of its first commercial-scale plant, as the company works to decarbonise the aviation sector.

The firm, which was founded in 2008, is behind a novel process for producing sustainable aviation fuel from waste biomass.

The appointment comes as the business continues its work on Project Speedbird – a UK government-backed initiative focused on producing sustainable aviation fuel (SAF) domestically.

The company is collaborating on the project with LanzaJet and International Airlines Group, which is the parent company of British Airways.

Originally from Texas, Stewart joins Nova Pangaea from New York-based investment bank Javelin Capital, where he advised clients on green fuel and energy transition opportunities.

He has previously held senior leadership roles at companies including BayoTech and Concord Blue Energy in Los Angeles, and served as a senior advisor to Ikigai Energy in London, supporting UK infrastructure owners with decarbonisation strategies.

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Across his career, Stewart has helped raise more than £150 million in equity and project finance for energy and low-carbon technology ventures.

“Nova Pangaea has developed a truly differentiated platform to convert biomass into sustainable fuels at scale,” he said.

“I’m excited to work with the team and our strategic partners to accelerate commercialisation, develop projects in the UK and globally, and build a world-class company, delivering both climate impact and long-term value.”

Nova Pangaea’s proprietary REFNOVA technology aims to convert agricultural residues and woody biomass, such as wheat straw and wood chips, into bioethanol, which can then be upgraded into SAF.

The company currently operates a demonstration facility at its headquarters at Wilton International in Tees Valley and plans to deploy the technology at four production plants across the UK under Project Speedbird.

It also intends to license the technology internationally.

To date, the firm has raised more than £21m from investors including IAG, PXN Ventures, Mercia Ventures and the first Northern Powerhouse Investment Fund, alongside £7m in grant funding.

The Rt Hon Anna Turley MP, Member of Parliament for Redcar, added: “Nova Pangaea Technologies is something we can be genuinely proud of here in Redcar & Cleveland.

It’s a forward-looking business doing important work on low-carbon technologies, including projects with real carbon-capture benefits, while creating skilled jobs and investment locally.

“Wilton is a hugely important site for our area and for the country. It has the infrastructure, skills, and industrial heritage needed to lead the next generation of cleaner industry, and companies like Nova Pangaea show exactly what that future can look like.

“I welcome the appointment of the new CEO and wish them every success as the company moves into its next chapter.”

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