Jan 25 2011
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.