"Critical minerals impact our lives on a daily basis, there is no question that every person reading this post relies on them in some form. We do not produce these in Europe and are entirely reliant on imports, which is a huge geopolitical risk. We need to have economically viable routes for critical mineral recovery, and this requires innovation. That is exactly what we are doing at Nordic Salt Cycle, developing a completely new process that will enable critical minerals recovery. First in Europe, and then the world,"
"Super excited (and proud) to see this announced. The team are a pleasure to work with and are developing a truly disruptive business to recycle critical materials in a commercially attractive manner. The pace of development is really impressive. Fundraising for early stage deep tech in these markets isn't easy, so achieving to close a second round in 12 months is huge."
Nordic Salt Cycle raised €3.5 million to commercialise a molten-salt process that extracts lithium, cobalt and rare earth elements from end-of-life EV batteries, wind turbines and electronics. EIFO led the funding round with participation from The Footprint Firm and Ananda Impact Ventures. A running prototype separates critical materials from battery black mass using low energy and far fewer chemicals while delivering unit economics that outperform current technologies. The technology operates in compact, modular units that enable local, distributed recovery across Europe and avoid large chemical plants. The company intends to scale commercially across Europe and beyond.
Read at resund Startups
Unable to calculate read time
Collection
[
|
...
]