Energy storage company EnerG2 seeks to expand ultracapacitor market in Japan

1 September 2009

EnerG2, a Seattle, US-based company focused on introducing advanced nano-structured materials for next-generation energy storage solutions, intends to introduce a design to help broaden the ultracapacitor market in Japan.

Ultracapacitors store and release more energy faster than conventional batteries. The size and make-up of the electrodes’ surface area helps ultracapacitors store and supply large amount of energy more quickly; the materials also effectively enable limitless cycle life for the device.

EnerG2, which estimates that the ultracapacitor market in Japan could exceed $700m by 2012, has sent representatives to Japan to visit customers and device manufacturers as well as scientists. The company is working to establish a long-term customer support presence in the country.

Over the past 12 months, EnerG2 has raised a total of $11m in financing from established cleantech investors, including OVP Venture Partners, Firelake Capital Management, Yaletown Venture Partners and WRF Capital. And earlier this month, the US Department of Energy awarded EnerG2 $21.3m in Federal stimulus funds allocated for makers of advanced automotive batteries and energy storage technologies.

EnerG2 will use the DOE funds to help build a facility in the US Pacific Northwest that will dedicated to commercial-scale production of nano-engineered synthetic high-performance carbon electrode material. This material is the most important ingredient in ultracapacitor energy storage devices, which are used in next generation green cars.

Copyright © 2009 NewNet

Tags: energy efficiency, energy storage

This story was published on Tuesday, September 1st, 2009 at 5:36 pm and is filed under Asia, companies, energy storage. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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