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

PetLife Comments on CNN Story on Scorpion Venom Health Benefits August 27th, 2014

Nanodiamonds Are Forever: A UCSB professor’s research examines 13,000-year-old nanodiamonds from multiple locations across three continents August 27th, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features August 27th, 2014

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

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel August 11th, 2014

Harris & Harris Group Reports Financial Statements as of June 30, 2014 August 10th, 2014

Announcements

Nanodiamonds Are Forever: A UCSB professor’s research examines 13,000-year-old nanodiamonds from multiple locations across three continents August 27th, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features August 27th, 2014

Malvern specialists to deliver inaugural short course on polymer characterization at Interplas 2014 August 27th, 2014

Energy

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Competition for Graphene: Berkeley Lab Researchers Demonstrate Ultrafast Charge Transfer in New Family of 2D Semiconductors August 26th, 2014

Chemical reaction yields "tapes" of porphin molecules: Flexible tapes from the nanoworld August 13th, 2014

Eco-friendly 'pre-fab nanoparticles' could revolutionize nano manufacturing: UMass Amherst team invents a way to create versatile, water-soluble nano-modules August 13th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

Picosun joins forces with IMEC for novel, industrial ALD applications August 25th, 2014

Graphene may be key to leap in supercapacitor performance August 20th, 2014

Could hemp nanosheets topple graphene for making the ideal supercapacitor? August 12th, 2014

Cylinder scanning system used in the ZylScan-System of the Breitmeier Messtechnik Company August 5th, 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