According to Electrive, partners of the project will aim to process and recover as many materials from things like virgin ores and used batteries in Europe.
This comes as important lithium reserves have been found across Europe and also as recycling of lithium, nickel and cobalt will become a necessity in the future of battery-filled industries.
Participants in the project have two and a half years to find and develop innovative technologies that will allow the high-quality processing of lithium and other materials that go into batteries.
Geothermal power will also be one of the focuses of this project, as industry members will aim to use renewable geothermal energy for future materials-processing and other applications.
The European Climate Infrastructure and Environment Executive Agency will be financing this project with some 6.8 million euros for the next four years.