European firm Skeleton Technologies is set to bring an energy storage systems based on its patented SkelCap ultracapacitor technology to market.
Details of the launch are scant, but the German based company’s chief executive officer Taavi Madiberk said the product will be market ready ‘shortly’.
The move into the ESS market follows a €13million ($14.4million) cash boost to allow it to bring its ultracapacitor modules to the turnkey energy storage market.
FirstFloor Capital, a Malaysian venture capital investment firm, led the latest round C investment, which also includes the firm’s existing investors UP Invest and Harju Elekter. It brings the company’s total financing to €26.7 million ($29.7million)
FirstFloor Capital principal and executive director Fahmi Hamzah said: “We believe Skeleton Technologies has great potential to not only transform the international ultracapacitor market through their patented curved graphene power cells but also to become a turnkey energy storage system specialist.”
Skelton recently celebrated the first devices to roll of the €3.5million ($3.9million) production line of its automated Estonian plant. Its facility near Dresden, Germany, is set to begin operations at the start of 2017.
Skeleton Technologies’ devices use a patented graphene-based material, allowing them to deliver twice the energy density and five times the power density of their competitors, claim the company.
Launched in 2012, the SkelCap series cells are available at 2,85 V from 500 to 3200 Farad cells, and can reach to 112 kW/kg and up to 6,8 Wh/kg.
