Electrovaya Eyes Move Into Energy Storage
Everyone knew Electrovaya made lithium ion batteries when the company’s expansion into the Jamestown area was announced back a little more than two years ago. Now, with the first phase of Electrovaya’s Gigafactory in Ellicott open and construction on the rest of the facility underway, Electrovaya is showing signs of moving beyond simply making batteries. Company officials said when announcing Electrovaya’s second quarter financial results that defense sector activity is becoming increasingly meaningful to Electrovaya’s business outlook. Company officials said they expect ...