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Electrovaya Announces New Higher Capacity Lithium-Ion Infinity Cell Series
New 52Ah cell demonstrates a 10% increase in energy density; To be used in a broad range of appli...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Announces New Higher Capacity Lithium-Ion Infinity Cell SeriesNew 52Ah cell demonstrates a 10% increase in energy density; To be used in a broad range of applications beginning in 2024TORONTO, ON / ACCESSWIRE / May 16, 2023 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (TSX:EFL); (OTCQB:EFLVF) a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it is launching a new Infinity series cell, that features a capacity increase of 10% over its current cell product. This latest iteration, powered by Electrovaya's proprietary lithium-ion ceramic technology, has a cell capacity of 52 ampere hours (Ah) and has recently received both UL 2580 certification and UN38.3 certification. The 52Ah cell is expected to retain the core advantages of the Infinity series products, including industry leading cycle life and safety standards, with significantly improved energy density. It is expected to be the first cell produced at Electrovaya's planned gigafactory in Jamestown, New York. Recently, an earlier version of Electrovaya's Infinity cell platform demonstrated industry leading cycle life at DNV's BEST Test Center battery labs in Rochester NY, following completion of over 9000 cycles with cycle life projections to about 14,000 cycles.\"This higher capacity cell, featuring a 10% improvement in energy density, is consistent with Electrovaya's track record of incremental improvements in energy density and performance,\" said Dr. Elmira Memarzadeh, Director of Engineering Programs at Electrovaya. \"The new cell has completed its UL certification process and we are now phasing it into production, with most product lines transitioning in early 2024. We are also excited to plan our initial U.S.-based cell production in Jamestown around this product.\"\"For typical material handling, electric bus and energy storage applications, demands on batteries are often extreme, thereby making cycle life and safety key selection criteria. Energy density also plays a significant role, especially for vehicle applications and Electrovaya's technology provides a unique balance of every performance metric, ensuring our products provide a superior solution for our customers. Accordingly, our batteries also provide a significantly lower cost of ownership, even with higher list prices,\" said Dr. Jeremy Dang ...