RecycLiCo Battery Materials Inc. has invested USD 1,000,000 in convertible preferred stock issued by global fusion technology provider Type One Energy Group. The transaction gives RecycLiCo a direct financial stake in the advanced energy developer as part of a broader commitment to supporting technologies that span the critical-materials and advanced energy ecosystem.

Type One Energy is mission-driven to provide sustainable and affordable fusion power worldwide. Established in 2019 and venture-backed in 2023, the enterprise is led by a team of globally recognized fusion scientists with a strong track record of building state-of-the-art stellarator fusion machines, alongside veteran business leaders experienced in scaling companies and commercializing energy technologies.

The developer applies high-field superconducting magnets, modern computational physics, and proven advanced manufacturing methods to build its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a commercial fusion power plant over the coming decade, relying on a capital-efficient and partner-intensive strategy while maintaining a commitment to community engagement in deploying its clean energy technology.

For RecycLiCo, the transaction complements its core operations as a critical minerals refining company specializing in advanced hydrometallurgical technologies. The enterprise processes mined ore and upcycles lithium-ion battery materials, efficiently recovering battery-ready lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap to support energy storage and broader industrial applications. Its business focus aligns with global demand for future-ready, responsible supply chains and the growing movement to strengthen domestic sourcing of critical materials.

“We are pleased to support Type One Energy and the advancement of its technology,” said Richard Sadowsky, Interim Chief Executive Officer, RecycLiCo. “RecycLiCo operates at the intersection of critical materials, advanced technology and the global transition to sustainable energy to which Type One’s next-generation fusion technology will be an important contributor.”

Read the full announcement: RecycLiCo Invests in Type One Energy Group