Lithium-ion battery recycler Lohum Cleantech inked a strategic partnership with Mercedes-Benz Energy (MBE) for a multi-year supply contract agreement for second-life batteries. Lohum becomes Mercedes-Benz Energy’s first partner in Asia, where it will offtake a minimum 50MWh per annum across multiple second-life module variants. The companies have been working together for nearly two years. The agreement will enable Lohum to secure high volumes of second-use battery modules from Mercedes-Benz Energy.
At present, Lohum develops second-life applications primarily focused on the Indian stationary and non-auto mobility storage markets. Mobility applications include low-power applications such as the electric rickshaw and
stationary applications range from small 6KWh batteries to larger 1MWh storage systems. “Lohum is thinking about second life in a very different way than most companies. Theirs is a truly long-term focus with a keen understanding that one of the biggest challenges for a second life is the unpredictability of feedstock supply and composition. Lohum is developing expertise and applications across multiple module variants to create a long-term supply funnel. This flexibility and model unlocks value for both parties and defines the innovation and reliability we seek in strategic partnerships," said Gordon Gassman, CEO, Mercedes-Benz Energy.
“Mercedes-Benz Energy’s model for approaching second life is the most advanced we have seen by far. In addition to their willingness to regularly test new opportunities for collaboration, they are creating infrastructure and capabilities to maximise sustainability and value for used inventory. Second life remains very nascent and Mercedes-Benz Energy’s creativity, process, and commitment to safety has helped us expand our business significantly," said Justin Lemmon, Co-Founder & Head of International Operations, Lohum.
In addition, once these second life modules reach end of life Lohum offers a buy-back guarantee to recycle them through its hydromet plant. Mercedes-Benz Energy has access to used inventory across the globe. With Lohum’s current footprint in Asia combined with its entrance into the US market, the companies continue to evaluate new collaboration opportunities across regions.
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