Electrovaya Delivers Lithium Ion 2.0 Battery System to Glencore Raglan Mine

- January 29th, 2015

Electrovaya (TSX:EFL) has delivered one of its $0.7 million Lithium Ion 2.0 energy storage systems to Glencore’s (LSE:GLEN) Raglan mine.

Electrovaya (TSX:EFL) has delivered one of its $0.7 million Lithium Ion 2.0 energy storage systems to Glencore’s (LSE:GLEN) Raglan mine.

As quoted in the press release:

The Lithium ion battery system can accept and store energy from all sources including diesel generators, solar and wind. It is designed for remote communities and mines, which are off-grid and powered by diesel. Delivering diesel to remote sites can be expensive and occasionally fraught with uncertainties. Glencore Raglan mine consumes 50 million litres of diesel annually.

Electrovaya CEO, Dr. Sankar Das Gupta, said:

The mining industry is focussed on reduction of Diesel usage and reduction of carbon footprint, and Electrovaya’s lithium ion 2.0 technology when paired with a diesel generator allows the generator to operate at maximum efficiency, reducing diesel consumption substantially and lowering maintenance costs. The reduction of diesel consumption in a diesel generator by pairing to a lithium battery is a generic solution to many industrial sectors including mining, micro-grids and powering remote locations and it is estimated that there are about 200 million diesel generators in the world.

Click here to read the Electrovaya (TSX:EFL) press release

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