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LOHUM, ReElement & American Metals Joint Venture to Establish Li-ion Battery Materials Processing Facility

Sep 26, 2024over 1 year ago

Contract Type

partnership

DelhiEnergyRenewable Energy

Description

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.

Company Information

Company

LOHUM

Location

Delhi, Delhi, India

About

Lohum is a battery recycling and battery repurposing firm with immense growth opportunities both in India and globally. The company aims to contribute to India’s mission for cleantech solutions.

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Predictive Intelligence
Strategic

ML-powered predictions for LOHUM's next move

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Agreement Insights

Based on industry data
Strategic 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

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