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Article: Japan: Electrovaya Enters the Stationary Power & Smart Grid Energy Storage Market in Japan.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: prashant03
Electrovaya Inc. (TSX: EFL) today announced that it plans to enter the stationary power and smart grid energy storage market in Japan.
Nippon Kouatsu Electric Co. Ltd. (NKE) and Electrovaya have signed a memorandum of understanding (MOU) for the development and sales of Electrovaya's integrated advanced battery storage systems for both stationary power and smart grid systems applications, initially targeted for the Japanese market.
Globally, there is an unmet need to capture and store grid electricity for later use. As more renewable energy generation technologies such as solar and wind are implemented, they add a greater ...