Electrovaya Announces a New Product Line of High Voltage Mid Size (~25kwh) Lithium Ion Energy Storage Systems

Distributed Scale Energy Storage Systems (PowerBlock) are designed for residential solar, commercial and telecom applications. First 25kWh (PB25-400V) system delivered to major Japanese Utility.

Toronto, Ontario - - Electrovaya Inc. (TSX: EFL) today announced a new product line, leveraging its utility and automotive products. Electrovaya has made its first product delivery of a 25kWh, 400V Lithium Ion SuperPolymer® Battery Energy Storage System (PowerBlock 25-400V) to a large Japanese Utility through Nippon Kouatsu Electric Co. Ltd. ("NKE"). The PB25-400V system will be providing energy storage for a program to investigate distributed Energy Storage for Solar Applications. The PowerBlock line of products is designed to cater to a rapidly growing mid-size residential and industrial energy storage market. The PowerBlock line integrates a complete energy storage system with cells, battery management system and power electronics.

"Japan is the world's third largest market and is characterized by high-quality and high-precision products", commented Dr. Raj Das Gupta, Electrovaya's General Manager, Energy Storage Systems. "The PowerBlock series of products will focus on mid-size energy storage systems. As Japan moves towards higher levels of Sustainable Alternative Energy, the demand for mid-size Energy Storage Systems will grow rapidly not only in Japan but also in the rest of the world. The PowerBlock distributed scale energy storage system is ideal for the needs of residential solar, utility, mid-size commercial and telecom sector applications."

About Electrovaya Inc:

Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company's mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company's other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com.

About NKE

Headquartered in Aichi, Japan, Our principle products are high and low-voltage electric distribution equipment, used for power distribution lines, private electrical facilities and so on. Power distribution equipment plays an active role in substations, railways, streets, in fact, everywhere in people's day-to-day lives. Electricity is convenient and safe but if a single misstep occurs it can become deadly. In order to ensure the supply of stable electrical power, NKE only supplies products that meet the highest standards of safety and reliability.

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