Electrovaya Inc. (TSX: EFL) today announced that it has been selected by a major U.S. 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. Energy Storage with Lithium Ion Batteries is a highly efficient means for storing energy from intermittent generating sources like wind and solar. This enables on-demand availability of energy to customers at times of peak energy demand in addition to storing excess production at times of low demand.
“Working with major utilities represents a tremendous opportunity for Electrovaya in the rapidly growing grid energy storage market,” says Dr. Sankar Das Gupta, CEO of Electrovaya. “It validates the importance of our advanced battery technology and its unique clean, non-toxic manufacturing process.” “We are very pleased to work with ABB on this project and look forward to working with them on many other opportunities”.
Electrovaya is partnering with ABB, a leading global power and automation technology company with North American headquarters based in Cary, North Carolina, to provide the power conditioning and conversion equipment for the battery energy storage system.
“ABB is excited to work with Electrovaya on this important grid battery energy storage project,” says Pat Hayes, Account Manager of Energy Storage Systems for ABB. “Electrovaya and ABB will be working closely together on this and other opportunities, as we meet the growing demand for clean energy via safe and reliable technology.”
Electrovaya is the prime contractor in this project and expects the 1.5MWh Energy Storage System to be operating by summer 2011.
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company’s mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company’s other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com.
About ABB
ABB (www.abb.com) is a technology-based provider of power and automation products, systems, solutions, and services that enable our customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 117,000 people. The company’s North American operations, headquartered in Cary, North Carolina, employ about 12,000 people in 20 manufacturing and other major facilities.
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