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| Company type | Public |
|---|---|
| Industry | Litihum-ion battery |
| Founded | 1996 |
| Founders |
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| Headquarters | , Canada |
Key people |
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Number of employees | 53 (December 2019) |
| Subsidiaries |
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| Website | electrovaya |
Electrovaya Inc. is a developer and manufacturer of Lithium-ion batteries and battery systems for the automotive, warehousing, autonomous guided vehicles, and energy storage applications. The company has operations in NY State and based in Ontario, Canada.
The company was founded by Dr. Sankar Das Gupta and Dr. Jim Jacobs in 1996 after beginning their research into battery technologies in 1983. The company went public in 2000, and is listed on the Toronto Stock Exchange and the Nasdaq Stock Market under the symbol ELVA.
Electrovaya owns over 100 patents (issued and pending) pertaining to electrode and electrolyte materials, battery architectures, battery system designs, battery management systems, and battery manufacturing methods. [1] [2]
In addition to developing batteries for electric vehicle and grid storage applications, Electrovaya were among the first developers of mobile battery chargers for electronic devices, releasing the Powerpad in 2001. [3] [4] This technology was the predecessor to the battery used in the Scribbler tablet computer series. [5] [6] Electrovaya technology has also been used by NASA in their EMU system. [7]
Since 2018, the company has focused primarily on heavy duty vehicle applications which includes material handling and other applications.
In 2003, Electrovaya released the Maya-100, a prototype Zero-emissions vehicle powered by lithium-ion batteries. [8] The Maya-100 debuted at the 20th International Electric Vehicle Symposium at Long Beach, CA, and won the Technology Innovation Award at the Tour de Sol in 2004. [9] In January 2008, Electrovaya launched the prototype Maya-300, a low-speed electric car for city driving. [10]
Electrovaya has partnered with Tata Motors and Miljø Grenland/Innovasjon to manufacture batteries and electric cars using Electrovaya's Lithium Ion SuperPolymer battery technology. [11] The Tata Indica EV was scheduled to be launched in Norway in 2009 and India in 2010, projected to have a 200 km (120 mi) range on a full charge and a top speed of 105 kilometres per hour (65 mph). [12]
The first all-electric car-sharing program in the U.S. debuted at Baltimore's Inner Harbor with Electrovaya offering its Maya-300 for rent at the Maryland Science Center in 2009. The car could go up to 200 kilometres (120 mi) on one charge of its lithium-ion battery system, and had a top speed of 56 kilometres per hour (35 mph). [13]
Electrovaya purchased Daimler's 700 MWh/year battery factory in Europe in 2015 [14] to produce batteries for Daimler's Smart electric drive car from 2015 to 2018. [15]
In 2017, Electrovaya released heavy-duty Li-ion batteries designed for near continuous use in electric lift-trucks. [16] In 2019 and 2020, the Raymond Corporation (a 100% subsidiary of Toyota) announced strategic agreements to use Electrovaya batteries as part of their electric forklift and battery product line. [17]
Electrovaya developed and produced batteries suitable for smart-charging Autonomous guided vehicles, and partnered with Jabil to release an autonomous robot at ProMat 2019. [18]
In 2013, Electrovaya delivered 25 stationary battery energy storage systems to Scottish and Southern Electricity Networks ranging from 12 to 80 kWh for integrating renewable energy into power grids. [19]
In 2015, Electrovaya installed a 450 kWh energy storage system for Glencore's microgrid at a remote mine in Northern Canada, allowing the use of alternate energy sources and reducing the use of diesel generators. [20]
In 2016, Electrovaya completed a pilot project with Toronto Hydro to develop a containerized 600 kWh battery to balance grid loads. [21]
Electrovaya also developed a transportable energy storage system for ConEdison capable of storing 800 kWh of energy to use during grid blackouts. [22]
Energy storage is the capture of energy produced at one time for use at a later time to reduce imbalances between energy demand and energy production. A device that stores energy is generally called an accumulator or battery. Energy comes in multiple forms including radiation, chemical, gravitational potential, electrical potential, electricity, elevated temperature, latent heat and kinetic. Energy storage involves converting energy from forms that are difficult to store to more conveniently or economically storable forms.
A hybrid vehicle is one that uses two or more distinct types of power, such as submarines that use diesel when surfaced and batteries when submerged. Other means to store energy include pressurized fluid in hydraulic hybrids.
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An electric vehicle (EV) is a vehicle whose propulsion is powered fully or mostly by electricity. EVs include road and rail vehicles, electric boats and underwater vessels, electric aircraft and electric spacecraft.
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Vehicle-to-grid (V2G) describes a system in which plug-in electric vehicles (PEVs) sell demand response services to the grid. Demand services are either delivering electricity to the grid or reducing the rate of charge from the grid. Demand services reduce the peaks in demand for grid supply, and hence reduce the probability of disruption from load variations. Vehicle-to-load (V2L) and Vehicle-to-vehicle (V2V) are related, but the AC phase is not synchronised with the grid, so the power is only available to "off-grid" load.
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The lithium iron phosphate battery or LFP battery is a type of lithium-ion battery using lithium iron phosphate as the cathode material, and a graphitic carbon electrode with a metallic backing as the anode. Because of their low cost, high safety, low toxicity, long cycle life and other factors, LFP batteries are finding a number of roles in vehicle use, utility-scale stationary applications, and backup power. LFP batteries are cobalt-free. As of September 2022, LFP type battery market share for EVs reached 31%, and of that, 68% were from EV makers Tesla and BYD alone. Chinese manufacturers currently hold a near monopoly of LFP battery type production. With patents having started to expire in 2022 and the increased demand for cheaper EV batteries, LFP type production is expected to rise further and surpass lithium nickel manganese cobalt oxides (NMC) type batteries in 2028.
A123 Systems, LLC, a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.
An electric vehicle battery is a rechargeable battery used to power the electric motors of a battery electric vehicle (BEV) or hybrid electric vehicle (HEV).
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The Smart EQ Fortwo, formerly Smart Fortwo electric drive, smart ed or Smart Fortwo EV, is a battery electric vehicle variant of the Smart Fortwo city car made by Smart. Since 2020, Smart is only selling battery EVs.
The Tesla Powerpack was a rechargeable lithium-ion battery stationary energy storage product, intended for use by businesses or on smaller projects from power utilities. The device was manufactured by Tesla Energy, the clean energy subsidiary of Tesla, Inc. The Powerpack stores electricity for time of use load shifting, backup power, demand response, microgrids, renewable energy integration, frequency regulation, and voltage control. The first prototype Powerpacks were installed in 2012 at the locations of a few industrial customers. After July 22, 2022, the product was no longer listed for sale.
A battery energy storage system (BESS), battery storage power station, battery energy grid storage (BEGS) or battery grid storage is a type of energy storage technology that uses a group of batteries in the grid to store electrical energy. Battery storage is the fastest responding dispatchable source of power on electric grids, and it is used to stabilise those grids, as battery storage can transition from standby to full power in under a second to deal with grid contingencies.
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