UL2580 Recognition for Electrovaya’s Lithium Iron Phosphate Infinity Cell
Electrovaya (Nasdaq/TSX: ELVA) announced that its Infinity Series Lithium Iron Phosphate (LFP) cells have achieved UL2580 recognition, a globally recognized safety standard for rechargeable lithium-ion batteries in electric vehicles. The certification includes passing stringent tests like the external fire test (projectile test), demonstrating exceptional safety and reliability.
The company's NMC-based cells had previously achieved the same certification. Both LFP and NMC cells will be manufactured at Electrovaya's planned facility in Jamestown, New York. CEO Dr. Raj DasGupta emphasized the company's commitment to delivering safe and reliable battery solutions for energy storage and electric vehicle applications.
Electrovaya (Nasdaq/TSX: ELVA) ha annunciato che le sue celle della serie Infinity Litio Ferro Fosfato (LFP) hanno ottenuto il riconoscimento UL2580, uno standard di sicurezza riconosciuto a livello globale per le batterie ricaricabili agli ioni di litio nei veicoli elettrici. La certificazione include il superamento di test rigorosi come il test di incendio esterno (test del proiettile), dimostrando un'eccezionale sicurezza e affidabilità.
Le celle a base di NMC dell'azienda avevano precedentemente ottenuto la stessa certificazione. Sia le celle LFP che quelle NMC saranno prodotte nella struttura che Electrovaya prevede di costruire a Jamestown, New York. Il CEO Dr. Raj DasGupta ha sottolineato l'impegno dell'azienda a fornire soluzioni di batterie sicure e affidabili per l'immagazzinamento di energia e applicazioni nei veicoli elettrici.
Electrovaya (Nasdaq/TSX: ELVA) anunció que sus celdas de la serie Infinity Fosfato de Hierro Litio (LFP) han logrado el reconocimiento UL2580, un estándar de seguridad reconocido globalmente para baterías recargables de iones de litio en vehículos eléctricos. La certificación incluye pasar pruebas estrictas como la prueba de incendio externo (prueba de proyectil), demostrando una excepcional seguridad y fiabilidad.
Las celdas basadas en NMC de la empresa habían obtenido previamente la misma certificación. Tanto las celdas LFP como las NMC se fabricarán en la instalación que Electrovaya planea construir en Jamestown, Nueva York. El CEO Dr. Raj DasGupta enfatizó el compromiso de la empresa de ofrecer soluciones de baterías seguras y fiables para el almacenamiento de energía y aplicaciones en vehículos eléctricos.
Electrovaya (Nasdaq/TSX: ELVA)는 Infinity Series 리튬철인산(LFP) 셀이 전기차용 리튬 이온 배터리에 대한 글로벌 안전 기준인 UL2580 인증을 획득했다고 발표했습니다. 이 인증에는 외부 화재 테스트(발사체 테스트)와 같은 엄격한 테스트 통과가 포함되어 있어 뛰어난 안전성과 신뢰성을 보여줍니다.
회사의 NMC 기반 셀은 이전에 동일한 인증을 얻었습니다. LFP 셀과 NMC 셀은 Electrovaya가 뉴욕 잼스타운에 계획한 시설에서 제조될 것입니다. CEO인 Dr. Raj DasGupta는 에너지 저장 및 전기차 애플리케이션을 위한 안전하고 신뢰할 수 있는 배터리 솔루션 제공에 대한 회사의 의지를 강조했습니다.
Electrovaya (Nasdaq/TSX: ELVA) a annoncé que ses cellules de la série Infinity Phosphate de Fer Lithium (LFP) ont obtenu la reconnaissance UL2580, une norme de sécurité mondialement reconnue pour les batteries lithium-ion rechargeables dans les véhicules électriques. La certification inclut le passage de tests rigoureux tels que le test de feu extérieur (test de projectile), démontrant une sécurité et une fiabilité exceptionnelles.
Les cellules à base de NMC de l'entreprise avaient précédemment obtenu la même certification. Les cellules LFP et NMC seront fabriquées dans l'établissement qu'Electrovaya prévoit de construire à Jamestown, New York. Le PDG Dr. Raj DasGupta a souligné l'engagement de l'entreprise à fournir des solutions de batteries sûres et fiables pour le stockage d'énergie et les applications de véhicules électriques.
Electrovaya (Nasdaq/TSX: ELVA) gab bekannt, dass ihre Infinity Series Lithium-Eisen-Phosphat (LFP) Zellen die UL2580-Zertifizierung erhalten haben, einen weltweit anerkannten Sicherheitsstandard für wiederaufladbare Lithium-Ionen-Batterien in Elektrofahrzeugen. Die Zertifizierung umfasst das Bestehen strenger Tests, wie z. B. dem externen Feuer-Test (Projektile-Test), und zeigt außergewöhnliche Sicherheit und Zuverlässigkeit.
Die NMC-basierten Zellen des Unternehmens hatten zuvor dasselbe Zertifikat erlangt. Sowohl LFP- als auch NMC-Zellen werden in der geplanten Einrichtung von Electrovaya in Jamestown, New York hergestellt. CEO Dr. Raj DasGupta betonte das Engagement des Unternehmens, sichere und zuverlässige Batterielösungen für die Energiespeicherung und Elektrofahrzeuganwendungen zu liefern.
- Achieved UL2580 safety certification for LFP cells, expanding certified product portfolio
- Manufacturing capability for both LFP and NMC cells at upcoming Jamestown facility
- Successfully passed stringent safety tests including external fire test
- None.
Insights
The UL2580 recognition for Electrovaya's LFP Infinity cells represents a significant technical milestone in battery safety certification. This dual-chemistry approach, offering both LFP and NMC options, strategically positions Electrovaya to serve diverse market needs. LFP cells typically offer enhanced safety and longer cycle life, while NMC provides higher energy density. The successful projectile test certification is particularly noteworthy, as it validates the cells' resilience against thermal runaway - a critical safety feature for EV applications.
The planned manufacturing facility in Jamestown, New York, will enable domestic production capabilities for both chemistries, aligning with recent industry trends toward supply chain localization. This certification adds credibility to Electrovaya's technology portfolio and could strengthen their market position in the growing energy storage and EV sectors.
This certification strengthens Electrovaya's competitive position in the rapidly expanding battery market. With both LFP and NMC technologies now UL2580 certified, the company can effectively target different market segments - LFP for applications prioritizing safety and longevity and NMC for those requiring higher energy density. The timing is strategic, coinciding with increased demand for domestic battery production driven by IRA incentives and supply chain concerns.
For a company with a market cap of
TORONTO, ON / ACCESSWIRE / December 16, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud to announce that its Infinity Series Lithium Ion Phosphate (LFP) based cell have successfully achieved UL2580 recognition. This milestone underscores the exceptional safety and reliability of Electrovaya's battery technology, meeting the rigorous safety standards set by UL2580, including the stringent external fire test (projectile test).
UL2580 is a globally recognized safety standard for rechargeable lithium-ion batteries in electric vehicles. The successful completion of UL2580 certification demonstrates that Electrovaya's LFP based Infinity cells have passed a comprehensive series of safety tests, ensuring they meet the highest safety benchmarks. Electrovaya's NMC based cells also have previously achieved the same certification.
"Safety is a paramount aspect of all Electrovaya cell technology," said Dr. Raj DasGupta, CEO of Electrovaya. "Achieving UL2580 recognition for our latest LFP based Infinity cells is a testament to our unwavering commitment to delivering the safest and most reliable battery solutions for energy storage and electric vehicle applications. Our latest LFP cells not only meet but exceed industry safety standards, providing peace of mind to our customers and stakeholders."
Electrovaya's LFP cells will be produced in parallel with its NMC based products at its planned cell manufacturing facility in Jamestown, New York.
For more information, please contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618
jroy@electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications.Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements relating to announcements regarding cell performance, cycle life, longevity, projected performance, extrapolated cycle life, relative performance compared to competitors, planned production in Jamestown New York, ability to start production in Jamestown in the expected timeframe, planned implementation of the LFP cell in product lines in 2025 and 2026, use in commercial vehicle and energy storage applications, energy density, cell performance, safety, cost of ownership, life cycle cost, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective", "seed", "growing" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to solid state batteries, battery technologies and production roadmaps, are based on an assumption that the Company's customers and users will deploy its products in accordance with communicated intentions, and the Company has investment capital to deploy. Important factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business and on the Company's customers, including inflation and tightening credit availability due to systemic bank risk, economic conditions generally and their effect on consumer demand and capital availability, labour shortages, supply chain constraints, the potential effect of health based restrictions in Canada, the US and internationally on the Company's ability to produce and deliver products, and on its customers' and end users' demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company's supply chain and Company's capability to deliver and develop its products. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2023 under "Risk Factors", and in the Company's most recent annual Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
Jason Roy
VP, Corporate Development and Investor Relations
jroy@electrovaya.com
905-855-4618
SOURCE: Electrovaya Inc.
View the original press release on accesswire.com
FAQ
What certification did Electrovaya's (ELVA) LFP cells receive in December 2024?
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What safety tests did Electrovaya's (ELVA) LFP cells pass for UL2580 certification?
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