RE:Hydro-Quebec launches EVLO, specializing in energy storageFor sure, lots of things make sense here.
- with today's Hydro-Quebec news on the battery storage market
- the HPQ AGM in July where HPQ CEO mentioned that an announcement that should have been disclosed much earlier but that it had been delayed because of COVID-19 (and for which we haven't heard anything yet)
- Hydro-Quebec/PYR/HPQ are all located in Montreal
- the Quebec government recently launched its
https://www.investquebec.com/international/en/industries/ground-transportation/electricity-powering-the-future.html to position Quebec as a key leader in the battery sector and electrification of vehicules and transportations.
- this recent HPQ description in the
https://www.lobby.gouv.qc.ca/servicespublic/consultation/AfficherInscription.aspx?NumeroInscription=h4yQP%2BzS7837OYApbXWEmA%3D%3D&fbclid=IwAR0TLu9U0Kj7FFalFK3CCiZF7AiJFKSfhg4hrFSGa3yrbDBHfwEFXFR4TCA that states this:
The objectives targeted by HPQ Silicium are initially to seek funding for the construction of a pilot plant for our Nano Silicon reactor. The name of the program and the amount of funding are unknown, but the funds obtained would be used to pay our technology and equipment suppliers as well as salaries. Secondly, to have the opportunity to obtain contracts for the supply of Nanometric Silicon for the Government of Quebec's project to support the establishment in Quebec of a battery manufacturer. We shall see. But if everything had to fall in place, it would make sense that they let Hydro-Quebec do the initial announcement, then let HPQ hint about being one of the resource provider for Hydro-Quebec battery.
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ScienceFirst - (12/9/2020 9:31:30 AM) Hydro-Quebec launches EVLO, specializing in energy storage Coincidence??? Timing with HPQ's Town Hall Zoom meeting is interesting though. The Quebec government would have an opportunity to have a strong trio (Hydro-Quebec/PYR/HPQ) for this mega market.
MONTREAL -- Hydro-Quebec announced on Wednesday the launch of EVLO Energy Storage, a subsidiary designed to design, sell and operate storage systems.
The provincially-owned company explained that these storage systems are mainly intended for producers, transporters and distributors of electricity as well as medium and large-scale commercial and industrial markets.
According to Hydro-Quebec, EVLO lithium-iron phosphate batteries are much safer than traditional lithium-ion batteries and their environmental footprint is smaller since they are made from abundant and non-toxic raw materials.
They can also be recycled through a process that recovers and reuses 99 per cent of active materials. EVLO systems are also free of rare earths and cobalt.
The technology marketed by EVLO is supported by more than 40 years of research and development on battery materials by Hydro-Quebec, and the EVLO storage systems have been put to the test in real operating conditions in the network.
Hydro-Quebec President and CEO Sophie Brochu believes that energy storage will be at the heart of the energy transition. In her opinion, Quebec's know-how in the field of batteries will help support the development of solar and wind energy and help manage peaks in consumption.
EVLO also announced the signing of a memorandum of understanding with Innergex renewable energy within the framework of the Tonnerre project, in France, which provides for the commissioning of a 9 megawatt-hour (MWh) storage system in the French electricity network.