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| Type | Public |
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| 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 2015-2018. [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 12-80 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.
A compressed-air car is a compressed-air vehicle fueled by pressure vessels filled with compressed air. It is propelled by the release and expansion of the air within a motor adapted to compressed air. The car might be powered solely by air, or combined with other fuels such as gasoline, diesel, or an electric plant with regenerative braking.
A rechargeable battery, storage battery, or secondary cell, is a type of electrical battery which can be charged, discharged into a load, and recharged many times, as opposed to a disposable or primary battery, which is supplied fully charged and discarded after use. It is composed of one or more electrochemical cells. The term "accumulator" is used as it accumulates and stores energy through a reversible electrochemical reaction. Rechargeable batteries are produced in many different shapes and sizes, ranging from button cells to megawatt systems connected to stabilize an electrical distribution network. Several different combinations of electrode materials and electrolytes are used, including lead–acid, zinc–air, nickel–cadmium (NiCd), nickel–metal hydride (NiMH), lithium-ion (Li-ion), lithium iron phosphate (LiFePO4), and lithium-ion polymer.
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery. EVs include, but are not limited to, road and rail vehicles, surface and underwater vessels, electric aircraft, and electric spacecraft. For road vehicles, together with other emerging automotive technologies such as autonomous driving, connected vehicles, and shared mobility, EVs form a future mobility vision called Connected, Autonomous, Shared, and Electric (CASE) Mobility.
A compressed-air vehicle (CAV) is a transport mechanism fueled by tanks of pressurized atmospheric gas and propelled by the release and expansion of the gas within a pneumatic motor.
The Tata Indica was a B-segment car launched by the Indian manufacturer Tata Motors in 1998. It was the first Indian hatchback with a diesel engine. It was the first passenger hatchback from Tata Motors, with previous models being station wagons and SUVs. Indica is also considered to have been one of India's indigenously developed passenger cars, though not the very first. As of August 2008, more than 9.1 lakh units had been produced and the platform had spawned close to 12 lakh vehicles. Annual sales of Indica were as high as 1,44,690 units in 2006–2007. As of July 2009, monthly sales of Indica were around 8,000 units. The models were also exported to European and African countries from late 2004. The car was discontinued in April 2018.
Grid energy storage is a collection of methods used for energy storage on a large scale within an electrical power grid. Electrical energy is stored during times when electricity is plentiful and inexpensive or when demand is low, and later returned to the grid when demand is high, and electricity prices tend to be higher.
Vehicle-to-grid (V2G), also known as Vehicle-to-home (V2H), describes a system in which plug-in electric vehicles (PEV) sell demand response services to the grid. Demand services are either delivering electricity or by reducing their charging rate. Demand services reduce pressure on the grid, which might otherwise experience disruption from load variations. Vehicle-to-load (V2L) and Vehicle-to-vehicle (V2V) are related, but the AC phase is not sychronised with the grid, so the power is only available to an "off grid" load.
Molten-salt batteries are a class of battery that uses molten salts as an electrolyte and offers both a high energy density and a high power density. Traditional non-rechargeable thermal batteries can be stored in their solid state at room temperature for long periods of time before being activated by heating. Rechargeable liquid-metal batteries are used for industrial power backup, special electric vehicles and for grid energy storage, to balance out intermittent renewable power sources such as solar panels and wind turbines.
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 lower 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% was from Tesla and Chinese EV maker BYD production 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).
The lithium-titanate or lithium-titanium-oxide (LTO) battery is a type of rechargeable battery which has the advantage of being faster to charge than other lithium-ion batteries but the disadvantage of having a much lower energy density.
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.
The Tesla Powerpack is a rechargeable lithium-ion battery stationary energy storage product, intended for use by businesses or on smaller projects from power utilities. The device is 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.
Mercedes-EQ is a series of battery electric vehicles manufactured by Mercedes-Benz. The first model was previewed at the Paris Motor Show in 2016 with the Generation EQ concept vehicle. Mercedes-Benz intends to produce ten EQ models by 2022, three of which will have the Smart brand, representing between 15% and 25% of the company's global sales. All of Mercedes-Benz electric vehicle design and production efforts will target the EQ family.
Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. It grew even further in 2022, increasing its market share to 37%. The company plans to have a manufacturing capacity target of more than 500 GWh by 2025 and more than 800 GWh by 2030.
Lithium batteries are primary batteries that use lithium as an anode. This type of battery is also referred to as a lithium-ion battery and is most commonly used for electric vehicles and electronics. The first type of lithium battery was created by the British chemist M. Stanley Whittingham in the early 1970s and used titanium and lithium as the electrodes. Unfortunately, applications for this battery were limited by the high prices of titanium and the unpleasant scent that the reaction produced. Today's lithium ion battery, modeled after the Whittingham attempt by Akira Yoshino, was first developed in 1985.
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