Mississauga-based Electrovaya Inc., maker of lithium-ion Superpolymer batteries, is supplying batteries for a utility-scale energy storage project being spearheaded by CEATI International Inc. of Montreal, an advanced technology centre for utilities. The $7.5 million project will be a large-scale initiative involving multiple utilities and sites. The batteries will be tested as storage for renewable energy generation and as a way to ease distribution and transmission bottlenecks in high-density urban areas. CEATI will also investigate the repurposing of electric-vehicle batteries for smart-grid applications, given that a battery that outlives its usefulness in a vehicle can still be used for many years as general energy storage for the grid.

On the acquisition front, two more promising Ontario cleantech ventures have been plucked up by U.S. firms. On Tuesday Toronto-based biogas maker Stormfisher Biogas announced it had been acquired by Virginia-based Greenhouse Gas Services. Despite having one of the most boring and uninspiring names, Greenhouse Gas Services is a venture of GE Energy Financial Services and AES Corp., so it has some serious backing. The company invests in and develops projects that reduce greenhouse-gas emissions, and it then sells the carbon credits. So here’s my question: If some of the biggest Stormfisher projects are expected to be in Ontario, and since the Ontario Power Authority doesn’t appear to be letting biogas projects keep carbon credits, then what’s in it for Greenhouse Gas Services? I can only speculate that the power authority has quietly decided to let developers keep credits from methane destruction. Something I’ll have to follow up on.

And just today, Sunnyvale, Calif.-based Calisolar announced it had acquired Vaughan, Ontario-based 6N Silicon, a maker of solar-grade silicon that will operate as a wholly owned subsidiary. “In addition, $22.5 million in funding was raised from existing Calisolar and 6N investors,” the companies said in a statement. “The new funds will be used to increase capacity at the Sunnyvale, California cell manufacturing facility and expand silicon purification operations in Vaughan, Ontario.” It’s sad to see 6N fall under foreign ownership so early in its life, but the good news is that Calisolar is likely to set up some module assembly in Ontario to take advantage of the feed-in-tariff program here. Given that its solar cells will contain 6N’s silicon, the company will be well positioned to meet Ontario’s local content requirements and even supply other cell/module makers.

Finally, I have a follow to my story about Vestas and the possibility it will lay roots in Ontario. I spoke Wednesday to the company’s head of global offshore markets, who spoke highly of the Trillium projects and called the opportunity to develop offshore wind in the Great Lakes “fantastic.” He wouldn’t say if Vestas plans to establish manufacturing in Ontario — which isn’t surprising — but given the potential in the Great Lakes, the liklihood of Trillium’s projects moving forward first, and the positive policy and regulatory environment in Ontario (including the feed-in-tariff program, which offers 19 cents per kilowatt-hour for offshore wind power), all the stars are aligned and it’s only a matter of time before Vestas makes its move.

Lithium-ion battery maker Electrovaya Inc. may finally be turning a slew of promising partnerships and MOUs over the past two years into more than just words. The Mississauga-based company ended 2009 on a positive note, announcing in its year-end results that revenue jumped roughly 50 per cent and losses shrunk from over $4 million to less than $600,000.  “Fiscal 2009 marked a turning point for Electrovaya,” said chief executive Sankar Das Gupta in a statement. “Over the course of the past year we have increased our presence in the global market for lithium ion batteries used for electrification of vehicles and for smart grid applications.” He emphasized that Electrovaya, for the first time, showed a profit in its most recent quarter 0f $549,000, what Das Gupta hailed as a “significant achievement.”

To put this into perspective, Electrovaya is still a small fry in the global battery game, pulling in less than $4 million in revenues last year. It’s also an increasingly crowded market, with players like A123, EnerDel, Advanced Lithium, Altair, Panasonic, Boston Power and a slew of others battling for electric-car supremacy. And while it has a history of touting partnerships that haven’t gone anywhere, even if just a fraction bear fruit it could elevate Electrovaya above the noise. And forget about the U.S. market, I’m talking Asia and the deals this company have brokered in India, China and Japan. Just last month it announced an MOU with India’s HEROElectric to jointly developed electric scooters and motorcycles (unlike in China, where electric bicycles are more popular, the East Indian crowd prefers scooters and motorcycles). HEROElectric controls half the market in India for two-wheelers, so it’s not such a bad partner to have. In November it signed another MOU with Japan’s Nippon Kouatsu Electric Co. to co-develop smart grid stationary battery systems based on its Lithium Ion SuperPolymer cell technology, and in late 2008 it signed an MOU with Chana International Corp., China’s third-largest automaker, to develop zero-emission electric cars. Significantly, Chana has joint ventures with Ford, Mazda and Suzuki. Electrovaya is also a partner with India’s Tata Motors as part of a joint-venture to manufacture its  batteries in Norway.

As would be expected, Electrovaya is doing a good job leveraging its own connections to India.

These are all potentially positive announcements. Problem with Electrovaya is that little is known about all these partnerships since their announcement. How is the Norway manufacturing plant progressing? Are the Chinese MOUs moving forward or have they fizzled? That the company has turned a corner by reporting profitability in its fourth quarter, and by announcing some solid revenue growth in 2009, may be a sign that some of the groundwork laid in 2008 and 2009 is beginning to pay off. Certainly a Canadian cleantech company to watch in 2010.