Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Ultracold atom waves may shed light on rogue ocean killers: Rice quantum experiments probe underlying physics of rogue ocean waves April 27th, 2017

Looking for the quantum frontier: Beyond classical computing without fault-tolerance? April 27th, 2017

Metal nanoparticles induced visible-light photocatalysis: Mechanisms, applications, ways of promoting catalytic activity and outlook April 27th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Second Quarter Results April 27th, 2017

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

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Announcements

Ultracold atom waves may shed light on rogue ocean killers: Rice quantum experiments probe underlying physics of rogue ocean waves April 27th, 2017

Looking for the quantum frontier: Beyond classical computing without fault-tolerance? April 27th, 2017

Metal nanoparticles induced visible-light photocatalysis: Mechanisms, applications, ways of promoting catalytic activity and outlook April 27th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Second Quarter Results April 27th, 2017

Energy

Using light to propel water : With new method, MIT engineers can control and separate fluids on a surface using only visible light April 25th, 2017

SUNY Polytechnic Institute Announces Total of 172 Teams Selected to Compete in Solar in Your Community Challenge: Teams from 40 states, plus Washington, DC, 2 Territories, and 4 American Indian Reservations, Will Deploy Solar in Underserved Communities April 20th, 2017

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

Shedding light on the absorption of light by titanium dioxide April 14th, 2017

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Video captures bubble-blowing battery in action: Researchers propose how bubbles form, could lead to smaller lithium-air batteries April 26th, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

Bio-inspired energy storage: A new light for solar power: Graphene-based electrode prototype, inspired by fern leaves, could be the answer to solar energy storage challenge April 2nd, 2017

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