Electrovaya joins DOE-funded energy storage project for data centers
Get Alerts ELVA Hot Sheet
Join SI Premium – FREE
Electrovaya Inc. (NASDAQ: ELVA) announced its participation in a U.S. Department of Energy-funded project to develop energy storage systems for critical infrastructure applications. The project, led by Binghamton University, received a $5 million award from the DOE's Critical Facility Energy Resilience program.
The initiative will focus on designing and deploying a 1.2 MWh battery system at Binghamton University's Center for Energy-Smart Electronic Systems. The system will be integrated into a data center test environment to demonstrate peak shaving, backup power, and load management capabilities.
Electrovaya will contribute its Infinity Battery Technology to the project. The company's technology is designed to provide enhanced safety, thermal stability, and extended cycle life for mission-critical applications.
"This project represents an important step forward in demonstrating how advanced battery systems can support the rapidly growing energy demands of data centers and other critical infrastructure, while using domestic supply chains," said Dr. Raj DasGupta, CEO of Electrovaya.
The project includes a consortium of industry and research partners, including LiiON, Eaton Corporation, and the Pacific Northwest National Laboratory. The collaboration aims to leverage expertise across battery technology, power systems, and grid integration.
The battery system is designed as a replicable model for broader deployment across data centers and other high-demand applications. The project aligns with efforts to build resilient energy systems in the United States as electricity demand from artificial intelligence and digital infrastructure continues to grow.
Information is based on a company press release statement.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FTI Consulting names Jerome Nyssen senior managing director in Australia
- Western Union Co. (WU) Reiterated at Market Perform by Citizens amid Retail Decline
- CNH Industrial Capital prices $600 million in notes due 2031
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share