Electrovaya to provide 1.2MWh Li-ion battery Energy Storage System for Ontario renewable energy demo

Electrovaya Inc. will provide a lithium ion Battery Energy Storage System of approximately 1.2MWh for demonstration purposes in support of renewable energy generation in Ontario.

This program is a part of an Electrovaya-led C$7.6-million (US$7.8-million) project supported by the Government of Canada’s Clean Energy Fund (CEF) to investigate the potential use of battery energy storage systems in renewable energy projects such as wind and solar farms. Partners in the project include Natural Resources, Canada, Hydro One and others. Electrovaya is the prime contractor and system designer and will provide the full energy storage system.

This marks Electrovaya’s second major grid storage contract and is in addition to a 1.5MWh capacity lithium ion energy storage system being deployed by a major US utility, noted Dr. Sankar Das Gupta, Electrovaya’s CEO.

Source: Green Car Congress

Electrovaya and Hero Electric Showcase Electric Scooters for North American Market

Electrovaya's Battery Technology to Power a New Line of Electric Scooters

Electrovaya Inc. (TSX:EFL) today announced further cooperation with Hero Electric, India's leading producer of two-wheeled electric vehicles. Hero's electric scooters, powered by Electrovaya's Lithium Ion SuperPolymer batteries, will be showcased at the Toronto International Spring Motorcycle Show on April 9^th and 10^th. A trusted brand name with over 300 sales and service outlets across India, Hero Electric has been developing and testing its products in Europe and North America for the past two years. The Company has developed two electric scooter products uniquely suited for the North American market, the Zion and Optima Plus.

"Hero Electric is an established company with a solid brand reputation in an industry that will see its share within the transportation market grow as the price of oil continues to rise," said Dr. Sankar Das Gupta, CEO of Electrovaya Inc. "Our Lithium Ion Super Polymer battery technology is an ideal fit for the two-wheel electric vehicle model because of its scalability, efficiency and green NMP-free production process."

"We are extremely pleased to continue our existing partnership with Electrovaya to deliver lithium ion powered electric scooters to this growing market. We will offer both lead acid and lithium ion powered scooters in India and North America. Given the limitations of lead acid batteries, we expect lithium ion batteries to revolutionize the electric vehicle market," noted Naveen Munjal, Managing Director of Hero Electric.

Hero Electric plans to start selling electric scooters fitted with Electrovaya's lithium ion batteries in the Canadian market in the third quarter of 2011. "Initially the scooters will be marketed in the GTA and very soon thereafter the distribution network will be expanded to most of the critical markets in Canada." said Sohinder Gill, CEO of Hero Electric.

Electovaya Chosen to Supply Lithium Ion Batteries to "Major North American Automotive" OEM

Electrovaya Inc. said that it has been chosen by a “major North American automotive OEM” to supply battery packs for its second plug-in hybrid electric vehicle (PHEV) platform, and delivery has commenced.

Electrovaya is already delivering battery systems for the Chrysler LLC Ram PHEV vehicle program.

We are extremely pleased to be supplying lithium Ion SuperPolymer based battery packs to this second major PHEV automotive platform which has global recognition. This development is a significant breakthrough in the company’s goal of becoming the major battery supplier for the electric automotive marketplace.

—Dr. Sankar DasGupta, CEO Electrovaya

Electrovaya Chosen to Provide Li Ion Storage System For Grid Apps

Electrovaya Inc. has been selected by a major US utility to provide a 1.5MWh capacity Lithium Ion SuperPolymer®Battery Energy Storage System for grid storage applications.

The Electrovaya system will provide energy storage for renewable energy integration and the Smart Grid.

Electrovaya is partnering with ABB, a leading global power and automation technology company, to provide the power conditioning and conversion equipment for the battery energy storage system.

Working with major utilities represents a tremendous opportunity for Electrovaya in the rapidly growing grid energy storage market. We are very pleased to work with ABB on this project and look forward to working with them on many other opportunities.

—Dr. Sankar Das Gupta, CEO of Electrovaya

Electrovaya is the prime contractor in this project and expects the 1.5MWh Energy Storage System to be operating by summer 2011.