First Graphite has announced it has entered an agreement with Kremford to commercialise “game changing” supercapacitor technology.
The agreement will see the production of graphene oxide-based thin film supercapacitor technology for high performance and low cost energy storage, or the Bolt Electricity Storage Technology Battery (BEST Battery).
The technology, developed by Swinburne University of Technology, offers ten times better energy density than competing devices, 10,000 times faster charge/discharge rates, as well as 10,000 charge/discharge cycles.
“We are very enthusiastic about being invited to participate in the commercialisation of this exciting new, potentially game changing technology, which has come about due to our commitment to the graphene revolution,” managing director Craig McGuckin said.
FGR is to underwrite the spending of $2m over a two-year period to earn a 60 per cent interest in the company that holds the international licence.