Electrovaya Inc (ELVA)

[DewmBoom]

$EFLVF: A lithium ion Battery for a Forklift costs $17K to $20K. We have about 600,000 Forklifts in the USA alone that needs conversion. That is 10 billion dollars. Walmart has 150+ distribution center and Amazon has 175 fulfillment center. That is over 3 billion dollar business for ElectroVaya. Both Walmart and Amazon invested in Hydrogen Fuel Cells for Forklifts. However, LI batteries and EFLVF LI batteries in particular are superior to hydrogen fuel cells. Would eventually Walmart invest in ElectroVaya? How about Aamzon?

Hydrogen fuel cells, on the other hand, can be refueled in as little three minutes. And that means much less downtime for forklifts with the technology and increased productivity for the companies using them overall.

Still, hydrogen fuel cell technology lags behind lithium-ion tech. A lot of that has to do with costs. But slow development in hydrogen fuel cell technology for the broader consumer market also has a lot to do with a lack of infrastructure.

https://www.energyandcapital.com/articles/lithium-ion-battery-and-hydrogen-fuel-cell-forklifts/77646