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LOHUM, ReElement & American Metals Joint Venture to Establish Li-ion Battery Materials Processing Facility
Sep 26, 2024•over 1 year ago
Contract Type
partnership
DelhiEnergyRenewable EnergyDescription
LOHUM Cleantech Ltd has signed a MOU with ReElement Technologies Corporation and American Metals LLC to establish United States' first fully integrated battery recycling, repurposing, and critical material production facility. The 15.5 GWh facility will be set up with an initial investment of US$30 Million, creating 250 green jobs.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months