Electrovaya Establishes Ellicott, New York, Lithium-ion Battery Plant
The company will set up operations at 1 Precision Way in an effort to tap into the robust lithium-ion battery demand for e-forklifts, e-trucks and e-buses, according to state officials. Production is planned for Fall of 2023.
"As the United States and world enter an unprecedented phase of growth for electric vehicles and electro-mobility, lithium-ion batteries and the components within them are crucial for the industry's success,” said CEO of Electrovaya Dr. Raj Das Gupta. “Electrovaya is proud to be bringing our sustainable technologies and approaches to New York State, as Electrovaya's first United States-based commercial facility. The facility will produce lithium-ion cells and modules, critical components for the manufacture of lithium-ion batteries. We are pleased to support the creation of high-quality jobs in Chautauqua County and look forward to our continued growth in Western New York."
Empire State Development (ESD) is assisting the project with up to $4 million through the performance-based Excelsior Jobs Tax Credit Program and $2.5 million in Regional Council Capital Funding. In July, the New York Power Authority (NYPA) Board of Trustees approved a more than 1.5-megawatt low-cost hydropower allocation to Jamestown under the Power Authority's Industrial Economic Development program to meet the increased electric load resulting from Electrovaya's Town of Ellicott expansion.
"Electrovaya's decision to establish a new lithium-ion battery manufacturing facility in Chautauqua County marks another significant step towards reaching Governor Hochul's aggressive clean energy goals,” noted Empire State Development President, CEO and Commissioner Hope Knight. “By supporting this emerging sector, New York State is creating hundreds of jobs, while also growing our global leadership in the energy storage and advanced battery industries."
Electrovaya designs, develops and manufactures proprietary lithium-ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.
"Demand is growing for clean energy components like batteries, and Western New York is working to be at the forefront of this industry of the future,” added Western New York Regional Economic Development Council Co-Chair and Buffalo State College President Dr. Katherine Conway-Turner. “Companies like Electrovaya are bringing new jobs and new investment to Chautauqua County, thanks to New York's commitment to clean energy and innovation."
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