GENERAL

Building a New Lithium-Ion Recycling Business

Clarios — Entering the lithium-ion recycling industry through a downside-protected, commerciallycontracted business

Please note this investment was executed during prior employment of a Reinova Co-Founder

• Brookfield-owned Clarios pivots from lead-acid dominance to lithium-ion circularity.

• Partnership with tier-one cell maker and leading tech provider secures feedstock and offtake.

• Brookfield-owned Clarios pivots from lead-acid dominance to lithium-ion circularity.

• Partnership with tier-one cell maker and leading tech provider secures feedstock and offtake.

• Dedicated “Clarios Circular Solutions” unit created; $150 m U.S. DOE grant offsets equity.

• Project-finance capital stack segments development equity, PF debt and construction equity.

• Existing industrial site repurposed; pre-engineering de-risks construction.

• Margin-protected contracts for scrap input and metal outputs anchor returns.

• $1 bn + facility scaled for infra-owner entry; grant plus PF leverage boosts equity IRR.

• Clear circular-economy narrative appeals to energy-transition investors.