Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > News > Ultracapacitor Maker Graphene Energy Eyes New Funding, Tech Milestone

July 10th, 2009

Ultracapacitor Maker Graphene Energy Eyes New Funding, Tech Milestone

Abstract:
Less than a year has passed since Quercus Trust and 21Ventures threw down $500,000 in seed money for a small Austin, Texas, startup, Graphene Energy, with a big idea for disrupting the energy storage market. The idea: Develop a technology using graphene, a one-atom-thick sheet of carbon, with at least twice the storage capacity of commercially available ultracapacitors devices that have ultra-fast charge and discharge times, but lag far behind batteries in terms of the amount of energy they can store.

Fast-forward six months, and Graphene Energy has used that seed money to make big strides toward its target of achieving twice the storage capacity at least in the lab. CEO Dileep Agnihotri told us in an interview today that the startup is on track to reach its goal by year's end. At that point, Agnihotri tells us it expects to raise a new round of investment or secure stimulus funds (the company has applied for grants under ARPA-E and smart grid programs, among others) to help it go into the next phase: taking the technology out of the lab and packaging it into ultracapacitors.

If the company reaches its goal in this time frame, it would be fast work. Back when Graphene Energy first raised funding, it had only demonstrated energy storage capacities that were about on par with commercially available options. But the team has leveraged the resources of founder Rodney Ruoff, a leading researcher in the field of novel carbon materials, and a novel plan to use graphene, which was hailed as the new silicon last year when researchers discovered that electrons could travel up to 100 times faster in graphene than silicon.

While Agnihotri acknowledged that the economic climate is "not very good" for fund-raising, he said Graphene Energy is finding no shortage of interest among venture capitalists. As Agnihotri put it, "Graphene itself is a very exciting material." It's stronger than any other material ever tested (about 200 times the strength of steel), and particularly appealing for energy storage devices potentially an $877 million market by 2014 because electricity can flow through sheets of graphene very quickly without scattering. Graphene Energy is eying government grants, Agnihotri said, because "like any startup, I would prefer non-dilutive funds."

Source:
earth2tech.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Berkeley Lab Researchers Demonstrate First Size-based Chromatography Technique for the Study of Living Cells April 22nd, 2014

PETA science consortium to present hazard testing strategy at nanotoxicology meeting: High tech field ripe for use of sophisticated non-animal testing strategies April 22nd, 2014

Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014

National Space Society Congratulates SpaceX on the Success of CRS-3 and the First Flight of the Falcon 9R April 22nd, 2014

Nanoreporters tell 'sour' oil from 'sweet': Rice University's hydrogen sulfide nanoreporters gather intel on oil before pumping April 22nd, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Announcements

Berkeley Lab Researchers Demonstrate First Size-based Chromatography Technique for the Study of Living Cells April 22nd, 2014

PETA science consortium to present hazard testing strategy at nanotoxicology meeting: High tech field ripe for use of sophisticated non-animal testing strategies April 22nd, 2014

Harris & Harris Group Notes the Receipt of Proceeds From the Sale of Molecular Imprints' Semiconductor Business to Canon April 22nd, 2014

National Space Society Congratulates SpaceX on the Success of CRS-3 and the First Flight of the Falcon 9R April 22nd, 2014

Energy

Like a hall of mirrors, nanostructures trap photons inside ultrathin solar cells April 22nd, 2014

Global leader in solar cell manufacturing eyes New York for major expansion outside of Japan: CNSE and Solar Frontier Explore $700 Million Investment, Job Creation in New York State April 22nd, 2014

Nanoreporters tell 'sour' oil from 'sweet': Rice University's hydrogen sulfide nanoreporters gather intel on oil before pumping April 22nd, 2014

High-temperature plasmonics eyed for solar, computer innovation April 17th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

Relieving electric vehicle range anxiety with improved batteries: Lithium-sulfur batteries last longer with nanomaterial-packed cathode April 16th, 2014

Catching the (Invisible) Wave: UC Santa Barbara researchers create a unique semiconductor that manipulates light in the invisible infrared/terahertz range, paving the way for new and enhanced applications April 11th, 2014

Nanotech Business Review 2013-2014 April 9th, 2014

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE