Electrovaya's German Subsidiary Litarion Receives US $16 Million (Cdn $23 Million) Contract for 40Ah Lithium Ion Cells

This 40Ah (Litacell-LC40) Breaks Through the Safety, Performance and Price Barriers of Lithium Ion

ORONTO, ON--(January 12, 2016) - Electrovaya Inc. (EFL.TO) today announced that its wholly owned subsidiary, Litarion GmbH, has received a purchase order for about US$16 million (Cdn $23 million) to supply 40 Ah Lithium Ion cells (Litacell-LC40) to an US based company.

The purchase order is for a period of 14 months, the deliveries have started and the first payment received. The period of this contract is until January 2017. The order was received through Targray, an Advanced Materials supplier in the Alternate Power and Energy space.

Published: 12 January 2016
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FuelCell Energy Announces 5.6 Megawatt Fuel Cell Project With Pfizer Inc.

  • 5.6 megawatt fuel cell system to supply ultra-clean electricity and steam to Pfizer’s research and development site in Groton, Connecticut under a power purchase agreement 
  • Reducing energy costs while improving carbon footprint and supporting clean air initiatives 
  • Grid-independent capability provides  power  reliability to 160 acre campus

DANBURY, Conn., Jan. 04, 2016  -- FuelCell Energy, Inc.  (FCEL), a global leader in the design, manufacture, operation and service of ultra‐clean, efficient and reliable fuel cell power plants, announced plans for the installation of a 5.6 megawatt fuel cell power generation system for Pfizer Inc., one of the world’s largest biopharmaceutical companies, to provide reliable and low carbon electricity and steam for its 160 acre research and development facility in Groton, Connecticut.

Published: 04 January 2016
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Electrovaya-Litarion Introduce a Thinner Flexible Ceramic Separator for Lithium Ion Batteries in Electric Vehicle and Energy Storage Applications

Ultra-Safe, Superior Temperature Stability and Vastly Improved Cycle Life for Lithium Ion Batteries

TORONTO, ON--(Marketwired - December 04, 2015) - Electrovaya Inc. (EFL.TO) and its wholly owned subsidiary, Litarion GmbH introduce its new thinner flexible ceramic separator SEPARION® P20 for utility-scale and electric vehicle applications. This expands the SEPARION® family with both the nominal 21 micron (P20) and the 28 micron (P30) separators now available.

A separator is a value-added membrane that acts as a critical safety barrier inside a lithium ion battery. SEPARION® is a unique ceramic separator that withstands unusually high temperature incursions and thus makes a lithium battery much safer. SEPARION® is proven in more than two million large-format lithium ion cells powering advanced applications such as electric vehicles and grid-scale energy storage.

Published: 04 December 2015
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Plug Power Achieves Second Consecutive Quarter of Record Revenue

Company Exceeds $30 Million in Q3 Revenue and Reaffirms 2015 Goals

LATHAM, N.Y., Oct. 19, 2015  -- Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today highlights that it has realized a second consecutive quarter of record revenue. More than $30 million of revenue was earned in the third quarter of 2015, gained through accelerated fuel cell and hydrogen infrastructure shipments and installations. Additionally, the company remains on track to attain 2015 financial targets.

"Our business growth continues at a regular cadence of customer adoption and commissioning. Plug Power is again recognizing a record revenue quarter that falls right in line with our established goals," said Andy Marsh, CEO at Plug Power. "Every day we receive positive feedback from customers who use our products to save money and improve productivity, and this really drives the innovation and pride within our doors."

Published: 20 October 2015
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Ballard Inks $6M Deal in China For First Global Deployment of Fuel Cell-Powered Trams

VANCOUVER, Canada and QINGDAO & FOSHAN, China, Sept. 28, 2015 /CNW/ - At a ceremony held at the Company's global headquarters, Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) signed a joint development agreement and a supply agreement to develop and commercialize a fuel cell engine specifically designed for integration into low floor trams manufactured by CRRC Qingdao Sifang Company, Ltd. (CRRC Sifang), a Chinese rolling stock manufacturer. The agreements include 2016 delivery of ten (10) customized FCvelocity® modules and the agreements have an initial value expected to be approximately $6 million.

Ballard plans to develop a new prototype configuration of its FCvelocity® fuel cell module to deliver 200 kilowatts (kW) of net power for use in powering trams in urban deployments. An initial deployment of eight (8) fuel cell-powered trams is planned by CRRC Sifang and the City of Foshan on the Gaoming Line starting in 2017.

Published: 28 September 2015
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  1. Plug Power Inc ( PLUG )
  2. Electrovaya Inc ( EFL )
  3. Plug Power Inc ( PLUG )
  4. Nano One Materials Corp ( NNO )
  5. Electrovaya Inc ( EFL )