Page 149 - CW E-Magazine (17-10-2023)

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storage. Its batteries are long-life cap- end of their life. A signifi cant aspect of ensuring that batteries supplied for sec-
able of more than 15,000 cycles in EV the partnership is Lohum’s DETX, a ond life usage are backed by a digitised
use cases. battery asset trading platform. DETX ledger of usage data thereby enabling
offers detailed insights into battery recyclers with accurate predictability
The partnership aims to solve the material trade, allowing Log9 to reduce of state of health (SOH) for their input
arbitrage of trust, transparency, and ac- emissions from their LTO batteries and materials.
countability of the residual value of the enhance their overall battery lifecycle
lithium-ion batteries and to accelerate profi tability. Recycling of batteries will also
Net Zero material transition efforts of help to some extent in meeting the high
Log9, maximising the utility of their A distinctive approach by Log9 demand for raw materials.
annual production of 250-MWh lithium- is its introduction of chemistry-based
titanium-oxide (LTO) EV batteries, fi nancing in EVs, focusing on the fi nan- For instance, according to Bench-
Log9 said. cial metrics unique to specifi c chemis- mark Intelligence, the global lithium
tries like LTO. This method has paved supply stood at 678 kilo tonnes in 2022
Lohum, which has an annual the way for the complete circular eco- with demand projected to hit 4,000 kilo
lithium battery recycling capacity of nomy of lithium-ion batteries by enab- tonnes by 2035. Similarly, cobalt sup-
10,000 tonnes, as an Extended Pro- ling collaborations with partners such ply stood at 177 kilo tonnes in 2022 and
ducer Responsibility (EPR) partner as Lohum. by 2035, 489 kilo tonnes would be re-
registered under India’s Battery Waste quired. For nickel, the supply last year
Management Rules will enable Log9 Log9’s VP (Finance) Mr. Vinay Iyer stood at 3,160 kilo tonnes, which is
to seamlessly meet its material reco- said the company has been endorsing expected to surge to 6,200 kilo tonnes
very targets when its LTO batteries reach its practices of battery tokenisation and by 2035.

VISION DOCUMENT
Indian battery manufacturing sector aims for 500-GWh

annual capacity by 2035

The India Energy Storage Alliance ing infrastructure, green hydrogen, of gigafactories such as cathode-anode
(IESA) has unveiled its ‘India Battery microgrids, power electronics, renew- separator, electrolytes etc. with the need
Manufacturing Vision’ targeting over able energy, research institutes and for alternate supply chain in developed
500-GWh capacity by 2035, having cleantech startups. markets such as US and European
potential to create over 2.6-million jobs Union, he noted.
and bring investment worth $35-bn in IESA is anticipating that the fi rst
the country. IESA is focused on the deve- gigafactory (manufacturing facility Indian battery supply chain industry
lopment of advanced energy storage, that produces components linked could scale to over 1,000 GWh manu-
green hydrogen, and e-mobility techno- to electrifi cation and decarbonisa- facturing capacity with enabling policy
logies in India. tion technologies) in India will start and regulatory framework, he pointed
commercial production in 2024 and out, saying, “We are excited with
“IESA has also set a vision to further installed manufacturing capacity of the immense response received from
scale this capacity to over 500-GWh ACC (Advanced Chemistry Cell) Niti Aayog, MHI (Ministry of Heavy
by 2035 considering the demand batteries should scale to over 50-GWh Industries) and Ministry of Mines for
growth for both stationary storage and by 2027-28. this vision.”
e-mobility in India,” said Mr. Rahul
Walawalkar, Chair, WESD, Founder Based on current announcements, The estimates of the IESA are based
and President of IESA, and President & Indian gigafactories should scale to on the deliberations made by industry
MD, Customized Energy Solutions over 150-GWh annual capacity by end players and experts from over 70 coun-
(CES) India, in a statement. IESA is a of 2030. tries during Global Virtual Conference &
network of over 160 member compa- Expo on the occasion of the World
nies, including those related to energy In addition, there is a great oppor- Energy Storage Day (WESD) 2023
storage, EV manufacturing, EV charg- tunity for localising key components held recently.

Chemical Weekly October 17, 2023 149

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