Lohum Cleantech, a lithium-ion battery recycler, has signed a deal with Mercedes-Benz Energy (MBE) to offtake at least 50MWh of MBE’s second-use battery modules each year.
MBE’s first Asian partner to repurpose such modules is an Indian start-up. MBE and Lohum have been collaborating for two years, and the new agreement gives Lohum access to large quantities of MBE’s used battery modules.
“Lohum repurposes battery applications primarily for the Indian stationary and non-auto mobility storage markets. Lohum is thinking about 2nd life in a very different way than most companies. Lohum is developing expertise and application across multiple module variants to create a long-term supply funnel,” said Gordon Gassman, CEO of Mercedes-Benz Energy.
Because the raw materials needed to manufacture lithium-ion batteries are not widely available, the recycling chain is critical in the EV ecosystem, as is the global trend toward more sustainable energy.
Justin Lemmon, co-founder of Lohum, said, “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.”
He added, “Second life remains very nascent, and Mercedes-Benz Energy’s creativity, process, and commitment to safety has helped us expand our business significantly.”
