Li-ion maker Electrovaya receives $1.3M IESS award for Toronto and London Hydro; working with Walmart

13 November 2014

Canada-based Li-ion battery maker Electrovaya Inc. has received a $1.3-million grant award to deliver multiple Intelligent Energy Storage Systems (IESS) at various locations for Toronto Hydro and London Hydro. This project is supported by the Ontario Ministry of Energy’s Smart Grid Fund. The IESS units will be serving multiple applications including phase balancing, infrastructure deferment, electric vehicle charging and general energy storage functions.

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All the Electrovaya IESS units are expected to be installed by mid-2015.

Separately, Electrovaya announced it is working with Walmart Canada on a number of opportunities to lower its carbon footprint and improve efficiency in the distribution and warehousing industry. Walmart had tested the Electrovaya lithium-ion 2.0 technology for six months before Electrovaya became an approved vendor, said Dr. Sankar Das Gupta, CEO of Electrovaya.