11:47 AM EST - Electrovaya Inc. : announced that it has signed a contract to develop, construct and demonstrate a utility sized stationary battery system using end of life Electric Vehicle battery packs. The repurposed batteries could be used to store electricity generated by renewable energy systems, such as wind and solar power. The stationary battery system will be implemented at the Manitoba HVDC Research Centre facility, a subsidiary of Manitoba Hydro. The University of Manitoba is also participating in this project. Major funding for this project comes from the Government of Canada's Clean Energy Fund and Manitoba Hydro. This program is a part of an Electrovaya led $7.6-million project. Electrovaya Inc.
shares T.EFL are trading down $0.01 at $1.39.
