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Electrovaya (TSX:EFL) announced that it will begin supplying its batteries to Walmart Canada. Electrovaya is working with Walmart to help the company lower its carbon footprint and improve efficiency in the distribution and warehousing industry.
Electrovaya (TSX:EFL) announced that it will begin supplying its batteries to Walmart Canada. Electrovaya is working with Walmart to help the company lower its carbon footprint and improve efficiency in the distribution and warehousing industry.
As quoted in the press release:
Electrovaya’s unique non-toxic manufacturing technology produces a higher performing cell and enables Electrovaya to become the lowest cost producer as well as the greenest manufacturer in this fast emerging industry of electric mobility and energy storage. All conventional lithium ion battery plants use the toxic NMP solvent (n-methyl-pyrrolidone), now suspected of causing birth defects and increasing operating costs, capital costs and future liabilities.
Electrovaya CEO, Dr. Das Gupta, said:
Walmart had tested the Electrovaya lithium ion 2.0 technology for six months before Electrovaya became an approved vendor and we are very pleased to start supplying Walmart with our batteries to enhance their productivity. Walmart is firmly focussed on efficiency and reduction of the Carbon Footprint and Electrovaya’s lithum ion 2.0 technology allows improvements in those areas. We see a number of applications and value-added opportunities in this industrial sector and working with a sophisticated leader in the industry demonstrates that Electrovaya’s products meet and exceed global standards.
Click here to read the Electrovaya Inc. (TSX:EFL) press release
