AMTE Power announced that it has signed a memorandum of understanding with CalPac Resources Limited, which is developing novel technology derived from green hydrogen manufacturing to refine copper from industry scrap.
The MOU is intended to see AMTE Power explore the use of CalPac Resources’ recycled copper technology to produce the anode material in its Ultra High Power, Ultra Safe and Ultra Prime products, thereby contributing to delivering the UK’s net zero goals.
Copper resources are expected to come under increasing pressure as decarbonisation efforts ramp up, with a projected global deficit of up to 9.9m tonnes by 2035. The UK is the world’s fourth largest copper waste exporter and with no copper refineries in the country, millions of tonnes currently have to be imported for manufacturing each year.
AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage. They have been been producing cells for over 30 years at their factory in Scotland, which can trace its roots back to the birth of lithium-ion battery cell technology, first patented in the UK.