Just a couple of months since announcing they had created a 10,000 farad grapheme supercapacitor together, utility giant Edison Power is attempting to seize majority control of Sunvault Energy. Click here for more information.
US firm Edison Power— a Delaware Corporation— has sent a letter of interest informing Canadian
A Sunvault spokesman said: “At this stage it is an interest letter— it is a friendly approach and the offer is being discussed.”
Sunvault works with graphene technology developed by UCLA.
Edison Power signed a letter of intent with Sunvault to use the Canadian company’s technology as a grid stabilisation tool three months ago.