- Electrovaya (NASDAQ:ELVA) achieves UL2580 certification for 448 models of next-generation lithium-ion batteries.
- New battery systems offer improved charge rates and energy density, featuring the highest energy densities in the material handling industry.
- Production of 54Ah cell to begin at the Jamestown, NY facility in 2026.
Electrovaya Inc. (NASDAQ:ELVA), a leader in lithium-ion battery technology, successfully obtained UL2580 certification for 448 distinct models of its 24V, 36V, and 48V lithium-ion battery systems. This certification, recognized for its stringent safety standards, encompasses systems featuring both the current 47Ah cell and a new 54Ah cell, slated for production at the company's Jamestown, New York facility starting in 2026.
The next-generation batteries are engineered with enhanced charge rates, energy density, ergonomics, and overall performance, positioning Electrovaya at the forefront of the material handling industry by offering the highest energy densities available. This advancement underscores Electrovaya's commitment to innovation and safety in battery technology.
According to Electrovaya, these battery systems underwent rigorous safety testing, including fire propagation, vibration, shock, and short circuit tests, ensuring reliability and safety for industrial applications such as forklifts and pallet jacks where extreme operational conditions are prevalent.
The material handling industry forms a significant part of Electrovaya's revenue stream, and the company anticipates strengthening its market leadership with these advanced battery solutions. The certified systems will be available to customers starting in 2025, aligning with broader trends towards industrial electrification and increasing demand for efficient, safe energy solutions.