Cornish Lithium said its zero carbon lithium collaboration with Geothermal Engineering Ltd (GEL) will receive investment from the UK government’s Getting Building Fund to help fund the construction of Europe’s first geothermal lithium recovery pilot plant near Redruth in Cornwall.
The company said the project will extract lithium for use in electric vehicle and power storage batteries.
Cornish Lithium added that the investment also supports its £4mln collaboration with Geothermal Engineering at the latter’s deep geothermal project at United Downs, which aims to demonstrate that lithium can be produced from geothermal waters with a net zero carbon footprint.
The lithium extraction pilot plant at United Downs will trial environmentally-responsible Direct Lithium Extraction (DLE) technology and its suitability to extract lithium from Cornish geothermal waters, the firm said.
“Cornish Lithium is delighted to be involved in this project alongside GEL given the potential to establish a new industry for Cornwall. This funding will significantly accelerate our work to demonstrate that lithium can be produced in a sustainable, zero-carbon manner and will enable us to fast-track similar projects in other locations across Cornwall once the plant has been completed”, said Cornish Lithium founder and chief executive Jeremy Wrathall.
“We believe that Cornwall has the potential to become the “battery metals hub” for the UK, thus continuing a 4,000-year history of metal production and industrial innovation”, he added.