Mercedes-Benz Energy and Lohum are happy to announce a multi-year supply contract arrangement for second-life batteries as part of a strategic relationship. Lohum is Mercedes-Benz Energy’s first Asian partner, as both firms strive for sustainability across the battery supply chain.
They have agreed to a minimum off-take schedule of 50MWh per annum across different 2nd life module types as part of this deal.
Lohumis developing second life solutions particularly for the Indian stationary and non-auto mobility storage sectors. Low-power uses such as the electric rickshaw are examples of mobility applications, whereas stationary applications range from small 6KWh batteries to massive 1MWh storage systems.
The company is creating a long-term supply funnel by establishing knowledge and applications across numerous module types.
Furthermore, when these second-life modules approach the end of their useful life, Lohum offers a buy-back guarantee to recycle them through its hydromet facility. Both firms believe that, whenever feasible, 2nd life combined with recycling is the greatest long-term option for sustainability and profit development.
Mercedes-Benz Energy has global access to used inventories. With Lohum’s present presence in Asia and its entry into the US market, the firms are evaluating additional regional partnership options.
This is a Businesswire Feed; edited by Clean-Future Team