$7.6M project provides new life to used EV batteries
Electrovaya is launching a $7.6 million project that will put end-of-use electric vehicle batteries to work as part of a utility sized stationary battery system.
TORONTO: Electrovaya Inc. is launching a $7.6 million project that will put end-of-use electric vehicle batteries to work as part of a utility sized stationary battery system.
The Toronto-based developer and manufacturer of lithium ion battery technology said the repurposed batteries could be used to store electricity generated by renewable energy systems, such as wind and solar power.
The system will be implemented at the Manitoba HVDC Research Centre facility, a subsidiary of Manitoba Hydro, in Winnipeg, with participation from the University of Manitoba.
Some of the project funding will come from Manitoba Hydro and $3.36 million from the Government of Canada’s Clean Energy Fund.
“Using Electrovaya’s refurbished Lithium Ion batteries in this manner is an innovative and potential low cost energy storage solution,” said Bob Brennan, CEO of Manitoba Hydro.
He said repurposed lithium ion battery technology has excellent potential for grid storage application, while reducing diesel consumption in remote Northern communities.
Sankar Das Gupta, CEO, Electrovaya said the project will give Eletrovaya insight into the complete re-use of lithium ion batteries.
“Our hope is that utilities will be able to take advantage of the significant number of the used batteries that will come into the market after the large scale introduction of plug-in electric vehicles,” he said.
In his state of the union address in January, US president Barack Obama called for one million electric vehicles to be on the road by 2015.