Electrovaya Supplying Hybrid-Car Market From Mississauga
Location Canada 2010
The demand for large format lithium ion batteries to supply the growing electric vehicle market is expected to reach $23 billion by 2015 and $74 billion by 2020, according to global management consultants A.T. Kearney. In fact, almost every top-tier carmaker has said it will be using this advanced technology. The aim of Electrovaya's Electric Vehicle Division is to accelerate clean transportation as a commercial reality with its advanced power systems for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles.
Electrovaya provides energy-storage solutions for renewable applications, basically storing the energy created intermittent renewable sources to even out the power flow (this is called load-levelling). Secondly, it helps provide back-up power for peak hours, requiring less capacity from nonrenewable sources. The market for lithium ion batteries in energy storage systems is expected to reach US$4.1 billion by 2018, according to Pike Research, a clean technology marketing intelligence firm.
Electrovaya has a unique manufacturing process that enables emission-free manufacturing of the battery, which allows the company to meet environmental standards to manufacture anywhere, including in urban areas with the strictest environmental regulations. Founded in 1996 and headquartered in Mississauga, Ontario, Electrovaya has production facilities in Canada as well as in the U.S. with customers around the globe.
As Canada's sixth-largest city, Mississauga is home to 730,000 residents and 55,000 businesses. A diverse and progressive municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is one of Greater Toronto's top-90 employers for 2010.
Project Announcements
Minth Group Plans Windsor, Ontario, Canada, Manufacturing Operations
04/07/2025
Siemens Canada Expands Oakville, Ontario, Operations
04/03/2025
Crust Craft Expands Edmonton, Alberta, Canada, Production Operations
03/27/2025
Frontier Lithium Plans Thunder Bay, Ontario, Canada, Chemical Production Operations
03/10/2025
Linamar Corporation Expands Ontario, Canada, Production Operations
02/03/2025
NEO Battery Materials Plans Windsor, Ontario, Canada, Silicon Anode Operations
01/28/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024