In this episode of The New Warehouse Podcast, Kevin welcomes Jeremy Dang, Vice President of Business Development at Electrovaya, to explore the company’s innovations in lithium-ion power solutions for warehousing. Dang discusses Electrovaya’s journey and its impact on evolving lithium-ion technology in the industry.
Lithium-ion Market and ROI: Proven Longevity and Cost-Effectiveness
Dang highlights the shift from lead-acid to lithium-ion batteries. “The adoption rate is now at an all-time high, and I expect it to increase over time.” He notes, “With the cost of lithium coming down, it’s becoming a feasible option even for smaller, one-shift operations” to integrate lithium-ion as a common power source for material handling applications and still see a positive ROI. Dang believes, in some cases, lithium-ion batteries are “going to be a 20-year product.”
Electrovaya’s Differentiators: Longevity and Safety
Focusing on Electrovaya’s unique lithium-ion battery technology, Dang highlights two significant differentiators: longevity and safety. “Our batteries can do up to 14,000 cycles and are thermally stable above 200 degrees Celsius,” he explains, showcasing the exceptional lifespan and safety features.
Dang highlights the durability of Electrovaya’s lithium-ion batteries with a compelling example: One of Electrovaya’s oldest customers, a Fortune 500 company, was surprised to find the batteries holding up so well after six years of heavy-duty operations. Dang adds, “They’re at the point where the batteries have started to outlive the life expectancy of the truck.” This capability is a shift from the usual where trucks outlast multiple lead-acid batteries.’ He further notes, ‘This longevity means a “lithium-ion battery is going to be seeing multiple lift trucks within its lifetime.”
Relationship with Raymond and Sustainability
Dang discusses Electrovaya’s relationship with Raymond, which began primarily with rigorous battery testing and evolved significantly over the years. He highlights the progression of this collaboration, culminating in the Energy Essentials program in December 2020. The strategic agreement between Electrovaya and Raymond Corporation provides Raymond exclusive access to Electrovaya’s advanced NMC Ceramic lithium-ion batteries.
In addition to further emphasizing longevity and safety, this battery line collects and transmits valuable data to help customers gain insights. Dang adds, ‘With this integration, data from our batteries, like current, voltage, and odometer readings, is transmitted to Raymond trucks, offering customers critical insights for optimal fleet utilization.’
Three Key Takeaways on Lithium-Ion Power Solutions for Warehousing
- Industry Shift to Lithium-Ion: Lithium-ion batteries offer extended life cycles and cost savings even in smaller, single-shift material handling operations.
- Battery Recycling: Collaboration with companies like Raymond Corporation underscores a commitment to sustainable and efficient power solutions.
- Lithium-Ion Battery Longevity: Lithium-ion batteries last at least six times longer than traditional lead-acid batteries.
EP 440: Electrovaya’s Lithium-Ion Power Solutions for Warehousing
