StormVolt's planned factory
StromVolt Americas has signed agreements with Taiwan-based Delta Electronics to build the first lithium-ion cell factory in Canada. StromVolt will be the first North American firm to fully own such a facility along with the rights to develop and scale up this critical technology.
“StromVolt’s agreements with Delta Electronics are a landmark opportunity for North American cell manufacturing. StromVolt would gain, through this close cooperation, the cell technology, extensive in-person support for the factory construction and the sale of brand-new machinery. The partnership drastically reduces the timeline for the factory to become operational and eliminates the uncertainty for such an ambitious project,” says Maxime Vidricaire, CEO of StromVolt.
“Delta has a successful and longstanding relationship with StromVolt. We look forward to working closely with StromVolt to make their vision a reality,” says Ted Shyy, general manager, components business group at Delta Electronics, Inc.
StromVolt has identified the province of Quebec as the location for the first factory because of its aspirations to become a leader in lithium-ion batteries, along with its abundance of minerals, renewable energy and cutting-edge research, according Vidricaire.
StromVolt will also partner with battery recyclers to integrate recovered minerals into its cell production.