The Paper Battery Company (Troy, NY) received a $1 million award from The New York State Energy Research and Development Authority (NYSERDA) to continue development of a fully printed energy-storage device that is as thin as a piece of paper. NYSERDA's funding will be matched by the company and private investors.
Ultracapacitors are energy-storage devices that give off short bursts of energy and, in one application, are used by computer manufacturers to provide emergency power to allow equipment to finish processing and save critical data changes in the event of a power outage or other problem. The technology also has a variety of clean-energy applications, including hybrid electric cars (for rapid acceleration and regenerative braking), flexible solar panels, and other products that require high power and long charge/discharge cycle lives.
"Ultracapacitors serve a vital role in the clean-energy economy, and Paper Battery's product design make it unique in this growing market," said Francis J. Murray Jr., President and CEO of NYSERDA. "NYSERDA is proud to invest in a company that sits at the exciting intersection of nanotechnology, advanced materials and energy storage." Paper Battery's design captures 30 percent more energy than other ultracapacitors, according to Shreefal Mehta, the company's President and CEO. The product is also safer for the environment because it uses less metals than energy storage devices currently being manufactured. "Thanks to NYSERDA's funding, the company will be able to retool print stations and build a pilot line in order to meet customer requests for samples," said Mehta. "This funding will allow the company to position itself for scaling to commercial production, growth and job creation."
The company, which currently employs four people, expects to hire up to 10 new employees by this time next year, with plans to start commercial manufacturing in 2013. In terms of business strategy, the goal is to positive cash flow by 2015 through direct sales to OEMs as on-board integrated power modules. According to an executive summary on the company's website, technical discussions and tests are ongoing with market leading OEMs. A co-development R&D contract has also been signed with a leading medical diagnostic device company for wearable diagnostic sensor patches. Development partnerships for large consumer portable electronics and for specialty military and medical markets will be explored with commercial partners. The production and technology platform will mature with partnerships for large volume consumer markets (>$500M/yr) and larger format structural sheeting energy storage in transportation and grid applications, according to the company.
This blog is focused on trends in battery technology and other types of energy storage that are used for smart grid load leveling and stabilization, and as back-up power for renewable energy sources such as photovoltaics/solar power, hydro and wind energy. Trends in lithium ion batteries, lead-acid, metal-air, NaS (sodium sulfur), ZnBr (zinc-bromine) batteries will be covered, as well as compressed air energy storage (CAES), flywheels, fuel cells and supercapacitors.
Tuesday, September 27, 2011
The Paper Battery Company Wins NYSERDA Award
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