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August 16, 2009

Electrovaya gets $16.7 million investment from Ontario government

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It’s not just the US government that is handing out money to companies involved in advanced battery development. The government of Ontario has decided to put up to $16.7 million into Electrovaya. The company is based in Mississauga, just west of Toronto. The money will be used to further the company’s research efforts and help them move toward commercialization of the technology. Electrovaya is developing what it calls a lithium SuperPolymer battery platform. The company’s focus is on some of the underlying principles of the cell construction rather than specific chemistry. The idea is to make the system adaptable to evolving chemistries as well as different applications such as hybrids or battery EVs. The Canadian investment follows on the heels of $2.4 billion in grants from the U.S. government for battery research and manufacturing in the U.S.

[Source: Electrovaya]

Continue reading Electrovaya gets $16.7 million investment from Ontario government

Electrovaya gets $16.7 million investment from Ontario government originally appeared on Autoblog Green on Fri, 14 Aug 2009 17:26:00 EST. Please see our terms for use of feeds.

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