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ALTILIUM AND ENVA SIGN MOU FOR EV BATTERY RECYCLING PARTNERSHIP

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PLYMOUTH, England, June 10, 2024 /PRNewswire/ — Altilium, a UK-based clean technology group focused on supporting the transition to net zero, and Enva, a leading recycling and resource recovery specialist, have today announced a new strategic partnership for the collection and recycling of EV batteries in the UK.

 

 

As the number of electric vehicles and battery powered devices increases, the partnership brings together Enva’s nationwide collection infrastructure and extensive relationships with car dealerships, along with Altilium’s expertise in the recycling of old EV batteries and recovery of critical materials, including lithium, marking a significant step towards the creation of a circular economy for battery minerals in the UK.

Under the MOU, Enva and Altilium will work together to explore several key initiatives, including the safe handling and collection of EV batteries from across the UK for recycling using Altilium’s EcoCathode™ process. Using advanced hydrometallurgical recycling processes, Altilium can recover over 95% of the battery metals, in a format that can be directly reused in the production of new batteries.

The arrangement with Enva will provide significant commercial benefits to Altilium, by eliminating the need to establish its own collection infrastructure and direct relationships with multiple waste producers and automotive OEMs.

The partnership will also provide feed for Altilium’s Teesside refinery (ACT 4), the only planned facility in the UK refining lithium-ion waste to battery-ready Cathode Active Materials (CAM) for direct reuse in new battery production. The plant will have the capacity to recycle waste batteries from 150,000 EVs a year, producing 30,000 MT of CAM, enough to meet 20% of the expected UK demand by 2030.

Michael Sneath, Managing Director of Enva’s Lubricants and Batteries Division, commented: “We are excited to partner with Altilium to develop a comprehensive and sustainable supply chain for EV battery recycling in the UK. Expert handling and storage of this potentially hazardous material is paramount. This collaboration will solve an emerging problem for our customers, enhancing the UK’s recycling capabilities and contributing to the circular economy by transforming used batteries into valuable raw materials for new batteries.”

Rod Savage, Altilium’s Program Director for End-of-Life Batteries, added: “By leveraging Enva’s collection network and our processing expertise, we aim to set a new standard in battery recycling, ensuring maximum recovery of materials and supporting the growth of the EV market in an environmentally responsible way.”

Over the next decade, over 100 million EV batteries are expected to reach end of life globally. By creating a domestic ecosystem for recycling these batteries, Altilium and Enva are building a sustainable solution for battery disposal, ensuring that valuable resources remain in the UK supply chain and contributing to the broader goals of reducing carbon emissions.

Altilium is the only company in the UK recycling and upcycling old EV batteries to produce high nickel CAM for direct reuse in new EV batteries. The company’s proprietary EcoCathode™ process results in a 60% reduction in carbon emissions and 20% lower costs compared to virgin materials, paving the way for the production of more affordable and even cleaner EVs.

About Altilium

Altilium is a UK-based clean tech group that will reshape the UK and European automotive supply chain by offering high volume, low carbon domestic sources of cathode and anode materials from recycling waste streams already in circulation, such as lithium scrap.

The company’s proprietary EcoCathode process converts end-of-life EV batteries and manufacturing scrap into domestic, sustainable, battery precursors, cathode active materials (CAM) and cathode precursor (pCAM) for direct reuse in new batteries.

Altilium’s first mini-commercial plant is currently under construction in Plymouth while its planned Teesside plant will be one of the largest EV battery recycling facilities in Europe. The plant will have the capacity to process scrap from over 150,000 EVs per year, producing 30,000 MT of CAM, enough to meet around 20% of the UK’s expected needs by 2030. 

The company is backed by SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM).

For more information go to www.altilium.tech.

About Enva

Enva is one of the UK and Ireland’s leading recycling and resource recovery companies with a turnover of £346m (FY23), more than 1700 employees and over 20,0000 customers. The company’s 38 sites use the latest technology to maximise the recovery of valuable secondary materials.

For more information go to www.enva.com.

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Quest Global & bp collaborate to further energy innovation

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BENGALURU, India, May 6, 2025 /PRNewswire/ — Quest Global, a leading global product engineering services company, has been chosen by bp, a global energy leader, to establish a dedicated center in Bengaluru in an initiative intended to support bp’s strategy of growing its upstream business and investing with discipline in the energy transition. 

Under the collaboration, Quest Global is identifying and onboarding talent to support bp’s projects across its production & operations and gas & low carbon energy businesses, aiming to advance innovation and deliver impactful solutions for bp’s global activities.  

The Bengaluru centre achieved the milestone of training its first 100 engineers in the last year and is now set to scale up. Work done at the centre will complement ongoing innovation work at bp’s existing hubs, including the Technical Solutions hub in Pune.  

Commenting on this collaboration, Ajit Prabhu, Co-founder & CEO, Quest Global, said, “We are honoured to be working with bp as it scales up its business and technology centres worldwide. With our unparalleled customer focus, proven partnership playbook, aligned culture and entrepreneurial mindset to deliver outcomes over output, I’m very confident towards a future with bp that positively impacts the energy industry.” 

About Quest Global:

At Quest Global, it’s not just what we do but how and why we do it that makes us different. We are in the business of engineering, but what we are really creating is a brighter future. For over 25 years, we’ve been solving the world’s most complex engineering problems. Operating in 18 countries, with over 84 global delivery centers, our 21,000+ curious minds embrace the power of doing things differently to make the impossible possible. Using a multi-dimensional approach, combining technology, industry expertise, and diverse talents, we tackle critical challenges faster and more effectively. And we do it across the Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail and Semiconductor industries. For world-class end-to-end engineering solutions, we are your trusted partner. 

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Skanska builds data center project in Western USA for USD 164M, about SEK 1.7 billion

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STOCKHOLM, May 6, 2025 /PRNewswire/ — Skanska has signed a contract with an existing client for a data center project in Western USA. The contract is worth USD 164M, about SEK 1.7 billion, which will be included in the US order bookings for the second quarter of 2025.

The project is a 33,400 square meters (360,000 SF), 36-megawatt tenant improvement within an existing building shell, to be completed and turned over in four phases for the client.

Work will begin in June 2025 and is expected to be completed in June 2027.

For further information please contact:

Daniela Arellano, Communications Director, Skanska USA, tel +1 -213-317-4977

Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-data-center-project-in-western-usa-for-usd-164m–about-sek-1-7-billion,c4145428

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SOURCE Skanska

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Broadridge Enhances OpsGPT®, introducing new Agentic Capabilities to Further Optimize Global Post-Trade Operations

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Key enhancements include inventory optimization, fails research, and email integration automation for better connectivity and outcomes

NEW YORK, May 6, 2025 /PRNewswire/ — Global Fintech leader Broadridge Financial Solutions Inc. (NYSE: BR), today announced significant enhancements to OpsGPT® across fails research, inventory optimization and email integration automation. With these enhancements OpsGPT delivers real-time operational intelligence and execution, enabling firms to better manage risk, capital, and drive greater operational efficiency.

“We are continuously innovating and evolving OpsGPT to optimize how clients can better operate and grow, particularly by unlocking Agentic capabilities to better manage risk, capital, and operational efficiency in today’s rapidly evolving trading environment,” said Quentin Limouzi, Global Head of Post Trade at Broadridge. “In response to shortened settlement cycles, escalating operational risks and increased cost of capital, firms need to invest in simplifying complex technology ecosystems and harmonize data to enable AI-powered automation.”

Key enhancements to OpsGPT:

Fails Research: Diagnoses root causes of settlement fails, providing instant, actionable insights and significantly reducing resolution timelines.Inventory Optimization: enables real-time global inventory management, proactively identifies mismatches and suggests asset transfers to maximize capital efficiency and save firms millions of dollars.Email Integration Automation: Interprets inbound operational emails, extracts context, retrieves relevant data from internal systems — drastically reducing response cycles.

OpsGPT has integrated agentic capabilities, where AI agents support Operations teams by converting data into actionable insights; improving decision-making, recommending optimal actions and executing workflows. By incorporating AI into its processes and harmonized data platform, Broadridge is establishing a foundation for comprehensive workflow orchestration throughout the post-trade lifecycle.

OpsGPT unlocks tangible benefits for clients, such as accelerated fail resolution, optimized capital deployment, and reduced operational expenses. By automating traditional manual processes, OpsGPT enhances productivity, strengthens risk management through real-time intelligence, and simplifies the user experience with intuitive interfaces and AI-powered communication tools. More information on the new enhancements can be found in our report launched today.  

The Power of Harmonized Data

A strong data foundation is central to implement successful AI powered automation throughout the trade lifecycle. Broadridge’s investments in BRx, a harmonized data ontology that standardizes and consolidates information globally across asset classes and systems, enables consistent interoperable data to flow seamlessly between front, middle and back-office functions – eliminating silos and laying the foundation for advanced analytics, automation and reporting across the global trade lifecycle.

OpsGPT leverages BRx harmonized data model to unlock the next level of Agentic capabilities to automate AI enabled operations, optimize capital, reduce risks and improve reporting

For more information on how OpsGPT® delivers real-time operational intelligence and execution that enables the future of post-trade processing now, please see here.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investor Relations
broadridgeir@broadridge.com 

Media Relations
Gregg.rosenberg@broadridge.com 

 

 

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SOURCE Broadridge Financial Solutions, Inc.

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