on Electrovaya, Inc. (NASDAQ:ELVA)
Electrovaya Unveils Next-Gen Energy Storage Systems
Electrovaya Inc. has announced the launch of its next-generation Energy Storage Systems (ESS). These systems leverage Electrovaya's proprietary Infinity Technology, known for its superior cycle life and enhanced safety features. The systems, featuring robust thermal stability, are designed for various applications including grid support and data centers.
Manufactured in the U.S., these systems are integrated from cell production to complete systems at Electrovaya's New York facility. This local production enables eligibility for up to 40% Investment Tax Credits under U.S. policies.
The global market for stationary energy storage is set to grow significantly. Electrovaya's solutions promise improved safety and longevity compared to conventional lithium-ion systems. They anticipate initial deployments in 2026.
R. E.
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