Saturday, January 28, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Lumos signs deal to recycle waste batteries in Nigeria

Ehime Alex by Ehime Alex
March 18, 2021
in INNOVATION
0
Lumos signs deal to recycle waste batteries in Nigeria
2
SHARES
57
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Lumos Nigeria, a home solar systems provider, has partnered Hinckley Recycling Nigeria Limited for the purpose of recycling Lumos’ waste batteries in Lagos, Nigeria.

The company disclosed this in a statement made available to Financial Street on Thursday.

READ ALSO

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya

NFTs: Goldmine in Nigeria’s art space

The recycling is aimed at addressing sustainable battery supply chains and fulfilling the United Nations Sustainable Development Goals, the company said.

Read Also:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

According to Lumos, batteries are vital for delivering clean, reliable energy access and help off-grid users to optimise the consumption of solar/wind energy as well as increased reliability of power for users of weak grids.

However, Lumos stressed that current battery end-of-life management across Africa was not environmentally sustainable, with limited lithium-ion recycling or repurposing.

“Hinckley’s Nigerian facility is one of just two examples, across the entire continent, of local re-purposing. The partnership will initially see Lumos’ waste batteries recycled at Hinckley’s facility in Ojota,” it said.

According to the company, the Hinckley Ojota facility has an annual capacity for 20,000 tonnes of e-waste.

The Group Chief Executive Officers, Lumos, Alistair Gordon, said, “Energy is a core pillar of economic growth and will be a strong catalyst to sustainable economic recovery, post-COVID-19.”

“Africa’s battery demand is growing hugely, as they are vital for the continent to achieve clean, reliable energy access. This requires a sustainable battery supply chain. It is extremely important, and we are proud to be the first company in our sector to take this major sustainability step.

“We have been an enthusiastic supporter of Hinckley’s development, culminating in today’s partnership. We hope it encourages the adoption of similar sustainable practices across Africa.”

The Managing Director of Hinckley Recycling, Adrian Clews, was quoted as saying, “We are delighted by Lumos’ sector-leading commitment to sustainability, and we are honoured to partner with them. Lumos has been incredibly supportive of Hinckley and this partnership cements the relationship even further.”

Tags: Battery recyclingLumosNigeria

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya
INNOVATION

Uber Eats celebrates fourth anniversary with 5.2% growth in Kenya

June 28, 2022
NFTs: Goldmine in Nigeria’s art space
INNOVATION

NFTs: Goldmine in Nigeria’s art space

May 30, 2022
Nigeria: Behind broadband penetration target
Telecoms

Nigeria: Behind broadband penetration target

May 30, 2022
Taking the 'Russophobic' threat seriously
Front Page

Taking the ‘Russophobic’ threat seriously

April 4, 2022
Gaining financial freedom via tech
Front Page

Fintech listings on NGX: The underlying issues

March 8, 2022
Data security concerns amid cloud adoption
Front Page

Data security concerns amid cloud adoption

February 21, 2022
Next Post
EKEDC begs customers as blackout persists in Lekki, others

IBEDC introduces Bills on Demand


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • Oke Layipo: A wasting goldmine

    2 shares
    Share 0 Tweet 0
  • Case for petty trading and investment in Nigeria

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS