5.25 Pure Battery Technologies secures funding to develop ecofriendly battery materials

In June 2022, Australian start-up, Pure Battery Technologies (PBT), secured a seven digit investment from EIT InnoEnergy and will also be able to tap into it's green tech community network to connect to potential customers and investors.

Additionally, the European Investment Bank (EIB), backed by the InvestEU programme, is granting a €36.7 million loan to Königswarter & Ebell, the fullyowned German subsidiary of PBT. The EIB financing comes in the form of a venture debt loan, supported by the InvestEU Green Transition programme, which is the successor of the Energy Demonstration Projects Facility, under Innovfin.

PBT has developed an environmentally superior processing technology for the production of EV battery cathode material and its funding will allow the company to ramp up commercial mass production operations in Germany. PBT’s plant in Hagen aims to produce 10,000 tonnes of precursor cathode-active material (pCAM)a core ingredient of batteries - by the end of 2023. This is enough to make batteries for around 120,000 EVs annually. PBT is aiming for global production of 250,000 tonnes by 2027.

PBT’s technology refines both raw material (intermediates such as MHP) and black mass, thereby closing the recycling loop and making the end products truly environmentally friendly. As a global provider, PBT will enable battery cell makers to obtain flexible, clean and costeffective battery materials while improving their environmental credentials.

B JÖR n Z I k AR sky CEO of PBT Group

We’re incredibly proud to have this strategic partnership with EIT InnoEnergy and it’s a real seal of approval for us. Our common aim is to manufacture the most sustainable and powerful batteries in Europe.

purebatterytech.com