201412 Hydro-Québec et the UoM sign an agreement with Aleees Lithium-iron-phosphate-based batteries to be used in industrial processesHydro-Qubec and the Universit de Montral sign an agreement with Aleees
Montral, December 19, 2014 Hydro-Qubec, the Universit de Montral and Aleees, one of the world’s largest producers of battery materials, are pleased to announce the signing of an agreement that will give the Taiwanese company the right to integrate lithium-iron-phosphate-based batteries into its value chain and use them for industrial purposes in Qubec.
Under the agreement, Aleees commits to create jobs in Qubec in a manufacturing plant designed specifically to integrate its products and systems into industrial applications, e.g., for electric buses and energy storage system.
“This agreement is a direct result of the leading-edge research and innovation carried out at Hydro-Qubec’s research institute,” noted lie Saheb, Executive Vice President – Technology at Hydro-Qubec. “We are delighted that our patents have led to investments and job creation in Qubec. This agreement consolidates Qubec’s leadership role in transportation electrification.”
“The agreement represents Aleees’s first foray into North America,” explained Sheng-Shih Chang, the CEO from Aleees. “The efficiency of our products and the protection of the environment are our fundamental objectives and we are particularly proud to be working with Hydro-Qubec, in part because 99% of the electricity the company produces is from renewable sources and in part due to the low energy costs in Qubec.”
“The Universit de Montral is very proud of these positive spinoffs in Qubec, which are based on a discovery in the field of battery materials made in our laboratories. Our researchers are highly committed to exploring innovative solutions to develop alternative energy sources and greener transportation. This is a challenge on a global scale that they are prepared to address,” noted Genevive Tanguay, Vice Rector of Research, Creation and Innovation at the Universit de Montral.
Lithium iron phosphate is an innovative, powerful, and safe cathode material, used in rechargeable batteries for cell phones, laptop computers and electric and hybrid vehicles. Hydro-Qubec and the Universit de Montral own a patent portfolio in the field.
About Aleees
Advanced Lithium Electrochemistry Co., Ltd of Ruentex Group (Aleees), a Taiwan-based top-notch electric bus and LFP cathode material manufacturer, was founded in 2005 by the main shareholders of Ruentex Group, KPCB Fund, and QVT Financial LP. With the mission of “Human Safety and Eco Friendly,” Aleees Group aims to build a green, cradle-to-cradle economic system for posterity and for a sustainable environment. Visit the Aleees Web site at www.aleees.com
About Hydro-Qubec
Hydro-Qubec transmits and distributes electricity. It is Canada’s largest electricity producer and is among the world’s largest hydropower producers. Its sole shareholder is the Qubec government. Its research institute, IREQ, conducts R&D in energy efficiency, energy storage and other energy-related fields. Hydro-Qubec invests $100 million in research every year. www.hydroquebec.com
About Universit de Montral
Deeply rooted in Montral and dedicated to its international mission, the Universit de Montral is one of the top universities in the French-speaking world. Founded in 1878, the Universit de Montral today has 16 faculties and together with its two affiliated schools, HEC Montral and cole Polytechnique, constitutes the largest centre of higher education and research in Qubec and one of the major centres in North America. It brings together 2,600 professors and researchers, and welcomes more than 65,000 students. For more information: www.umontreal.ca