Mercedes-Benz Energy and Lohum Advancing Battery Sustainability Through Multi-Year 2nd Life Partnership
Source: https://www.yahoo.com/now/mercedes-benz-energy-lohum-advancing-112100666.html
Mercedes-Benz Energy and Lohum are pleased to announce a strategic partnership through a multi-year supply contract agreement for second-life batteries. Lohum is Mercedes-Benz Energy’s first partner in Asia as both companies continue to push sustainability across of the battery supply chain. This agreement includes Mercedes-Benz Energy and Lohum committing to a minimum offtake schedule of 50MWh per annum across multiple 2nd life module variants. Mercedes-Benz Energy and Lohum 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. Lohum develops 2nd 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. In addition, once these 2nd life modules reach end of life, Lohum offers a buy-back guarantee to recycle them through its hydromet plant. Both companies believe that wherever it is possible, 2nd life combined with recycling offers the best solution for sustainability and value creation over the long term.