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Electrovaya Is Scaling Production On Some Of The Safest, Longest-Lasting Lithium-Ion Batteries On The Market To Help Economies Meet Clean Energy Goals
(NewsDirect) Batteries and other electricity storage technologies are key to making the...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Is Scaling Production On Some Of The Safest, Longest-Lasting Lithium-Ion Batteries On The Market To Help Economies Meet Clean Energy Goals\n \n \n (NewsDirect)\n \n \n Batteries and other\nelectricity storage technologies are key to making the transition away\nfrom fossil fuels possible.\n \n \n According to the International Energy Agency (IEA),\nmeeting the world’s climate and renewable energy goals will require\napproximately\n \n \n 10,000\ngigawatt hours\n \n \n of energy storage technology, including\nbatteries.\n \n \n To\nhelp the world meet that goal,\n \n Electrovaya Inc.\n \n (OTCQB: EFLVF)\nis developing a range of proprietary lithium-ion batteries that are\nlow-cost, long-lasting and easy to scale to meet the energy needs of\nanything from an electric vehicle to an industrial energy storage\nsystem.\n \n \n Lithium-Ion Batteries – A\nMuch-Needed Game Changer In Energy Storage\n \n \n Lithium-ion batteries\nhave become a major catalyst in the energy transition. They make\nelectric vehicles more efficient and cost-effective, provide better\nstorage capacity for renewable energy on the grid and generally act as\na safer, less environmentally hazardous option for powering consumer\nproducts of all kinds.\n \n \n Before these, the last great leap in battery innovation\noccurred over a century ago in 1859 when the lead-acid battery was\ninvented providing the first rechargeable battery on the market. This\nis the type still found in most combustion engine cars today.\n \n \n While they can be\nrecharged, lead-acid batteries are bulky, slow to charge and account\nfor an estimated 44% to 70% of lead contamination in the environment.\nThey also need to be replaced more often because the average lead-acid\nbattery cycle life — the number of times it can be fully charged and\nthen discharged before degrading — is between 300 and 550 cycles.\n \n \n On the other\nhand, lithium-ion batteries can last for thousands of cycles.\nElectrovaya’s patented\n \n \n infinity\nbatteries\n \n \n , for example, boast one of the longest lifespans in\nthe industry, with tests showing they can operate for over 25 years\nwith one cycle per day. That’s a cycle life of over 9,000.\n \n \n Lithium-ion batteries\nare also more energy dense. Electrovaya’s infinity batteries\ngenerate around...