Epic Energy Signs Technology Transfer Agreement with CMET Li-ion Battery Recycling
Epic Energy Ltd.'s subsidiary, Swachcha Urja Nirman LLP, has signed a 10-year Technology Transfer Agreement with the Centre for Materials for Electronics Technology (CMET) for battery recycling of Li-ion batteries (excluding LFP) using a hydro-metallurgical process.
March 21, 2025. By Mrinmoy Dey
This 10-year license agreement marks a significant step towards sustainable e-waste management and environmental conservation.
Commenting on the development, Bhalchandra Kadam, Partner, SUN LLP, stated, “This marks the third vertical of focus for Epic Energy Ltd. We are proud to partner with CMET in this critical initiative. Battery recycling plays a pivotal role in the e-waste management ecosystem and is essential for environmental preservation. We anticipate commencing commercial operations by Q3 of FY26 with a one-tonne-per-day processing facility, likely in Maharashtra or Gujarat.”
Nikhil Morsawala, Group CFO, Epic Energy, added, “The capital investment for the one-tonne facility is estimated to be under USD 1 million, and we expect the project to reach break-even by FY27.”
Priya Joshi, Director, Epic Energy emphasised the company’s commitment to sustainability, stating, “At Epic, environmental protection and conservation remain at the core of our mission. This initiative aligns with India's vision of a circular economy and will serve as a trailblazer in sustainable industrial practices.”
CMET, under the Ministry of Electronics and Information Technology (MeitY), Government of India, aims to develop pilot-scale production technologies for electronic materials and facilitate their commercialisation.
The organisation is actively engaged in developing processes, products, and technologies for electronic materials, components, and devices, focusing on indigenous raw materials and strategic applications for India's industrial growth.
please contact: contact@energetica-india.net.
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