LOHUM, believed to be the only integrated company globally that can recycle and repurpose lithium-ion battery packs, has planned to set up an integrated Li-ion battery manufacturing and recycling facility at Greater Noida in Uttar Pradesh.
The new facility, with an estimated project outlay of Rs.300 crore, is expected to come up over the next 18 months. The capacity of the integrated facility will be 3 GWh per year, divided into manufacturing capacity of 1 GWh per year and recycling capacity of 2 GWh per year.
The financing process is underway and the project is expected to reach financial closure in the next 3-4 months, according to Rajat Verma, Co-founder LOHUM.
In order to further increase refining efficiency, LOHUM is also setting up a smaller recycling unit in Kandla, Gujarat.
Currently, LOHUM has two units, both located in the National Capital Region, Delhi, with a total integrated manufacturing and recycling capacity of 300 MWh per year.
“At this stage our immediate goal is to expand our manufacturing as well as recycling capacity, and we do have a very significant bowl. As India moves towards creating gigawatt hour factories, the first and most important requirement will be feedstock. And that is where a company like LOHUM steps in. It is because we have the expertise in recycling and reusing, that we are able to provide full stack solution to any automotive company out in the market. We have identified land parcels for this, but at the same time, we will be setting up a smaller unit in Kandla area for recycling perspective, noted Rajat Verma.
Also Read : Grid-Connected Li-Ion Battery Based Energy Storage System Launched In Delhi
Integrated player
LOHUM is the only integrated lithium-ion battery solution provider, in India and globally. It operates in three verticals, one caters to the mobility segment, that is the two wheeler and three wheeler market. LOHUM also has a stationary storage vertical, providing solutions to the UPS market, to the micro and mini grid markets and the telecom sector. The third vertical is of chemicals business where LOHUM provides different kinds of extracted chemicals to intermediaries in the recycling process as well as final product manufacturers in the global ecosystem.
It is this integrated approach that allows LOHUM to provision a platform to the market through which they can meet both geostrategic and sustainability goals, but also more importantly, have access to raw material and hence a lot of strategic goals as well for the organization, a release from LOHUM said.
(Featured photograph shows LOHUM existing Li-ion battery manufacturing facility in India, while inside photograph shows the recycling unit. Photos: LOHUM)
