- All On has invested $1.5m in Hinckley E-Waste Recycling Limited to establish Nigeria’s first hi-tech lithium-ion and lead-acid battery recycling facilities.
- The investment tackles e-waste risks, supports a circular economy, lowers solar costs, creates jobs, and strengthens sustainability in the clean energy sector.
Hinckley E-Waste Recycling Limited has secured a $1.5 million equity investment from All On, the Shell-backed impact investment company focused on expanding clean energy access in Nigeria.
The funding will enable Hinckley to establish the country’s first hi-tech recycling and reuse facilities for lithium-ion and used lead-acid batteries. These facilities aim to address Nigeria’s growing electronic waste challenge while strengthening the circular economy within the renewable energy sector.
The investment builds on insights from Market Research on the Circular Economy of the Renewable Energy Sector in Nigeria, a report commissioned by All On. The study warned of environmental and health hazards from improper disposal of solar components, particularly batteries, and called for commercially viable recycling initiatives.
“As Nigeria’s clean energy sector expands, so does the volume of electronic waste,” said Caroline Eboumbou, CEO of All On. “Our investment in Hinckley directly responds to the findings of our circular economy research and reflects our commitment to building a sustainable battery supply chain that supports local value creation, environmental stewardship, and inclusive growth.”
Oluseye Bassir, Investment Manager at All On, emphasised the dual benefits of Hinckley’s model. “This approach addresses both the environmental risks of e-waste and the economic opportunities in recycling. By supporting Hinckley, we are ensuring that the mass adoption of renewable energy does not create new pollution problems while building a more sustainable sector,” he said.
Beyond environmental protection, the project will reduce solar product costs, create jobs, and stimulate ecosystem growth across Nigeria’s clean energy and recycling industries.
Adrian Clews, CEO of Hinckley E-Waste Recycling, welcomed the partnership. “Through this investment, we aim to strengthen our commitment to environmental care and livelihood enhancement. We aim to shift informal e-waste collection into organised, globally compliant systems that safely and sustainably manage Nigeria’s growing and complex e-waste stream,” he said.
Clews added that strengthening e-waste recycling infrastructure could significantly reduce health and environmental risks while supporting the thousands of Nigerians working in the waste collection sector.