- Funding secured from Innovate UK EDGE to develop proof-of-concept pouch cell supercapacitors
- Aim to develop and test high-energy, high-power density commercial scale supercapacitor cell
First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to announce it has been awarded funding from Innovate UK EDGE to progress development work on its supercapacitor graphene hybrid materials with a Research and Technology Organisation (RTO) based in the United Kingdom.
The Innovate EDGE fund is intended to support high-growth small to medium enterprises (SMEs) to scale up and innovate, working alongside the UK’s “RTO and Catapult Network”. The Company will engage with world-leading experts at the Energy Innovation Centre based at Warwick Manufacturing Group (WMG) – part of the Catapult Network.
The £15,000 funding from Innovate UK will be matched with approximately AU$100,000 in-kind funding from First Graphene’s internal resources to advance the technology, which is an important milestone towards the commercialisation of the Company’s supercapacitor technology.
The funding will be used to progress the development of novel supercapacitors using First Graphene’s unique hybrid-graphene materials and optimised protic ionic liquid electrolytes. These high performing cells will have high capacitance and the ability to operate at high voltages – a key milestone towards achieving the “10-plus-10” target of power density above 10kW/L and energy density above 10Wh/L. Proof-of-concept pouch cell supercapacitors will be produced to validate performance in a commercially relevant cell format.
Pouch cells are a specific battery format that do not have a rigid enclosure, instead using a sealed flexible foil. This reduces the weight compared to other battery formats and allows greater flexibility to fit them into various products.
The supercapacitor device market is projected to grow from US$409 million in 2020 to US$720 million by 2025 at an expected CAGR of 12.0 per cent. The growth of the market is driven by increasing demand in energy harvesting applications and rising use of supercapacitors in trains and aircraft. Moreover, the increasing global demand for electric vehicles is likely to fuel the growth of the market.
The project will run over January and February 2022, and it is well aligned with plans to release a proof-of-concept cell within the next 12 to 18 months.
First Graphene Managing Director and CEO Michael Bell said: “We are grateful for the ongoing support from Innovate UK EDGE which will allow us to maintain momentum on progress towards game-changing supercapacitor technology. We look forward to engaging with and developing this novel supercapacitor technology alongside the experts at WMG.”
Mark Copley, Associate Professor of WMG said: “We are looking forward to continuing our collaboration with First Graphene as the Company continues its scale-up journey with the novel graphene hybrid materials.”
Dr Dilruk Yahathugoda, Senior Innovation and Growth Specialist at Innovate UK EDGE, said: “We are pleased to be able to support First Graphene. A successful outcome will help the Company make a step change in its novel energy storage technology.”
Chief Executive Officer and Managing Director
First Graphene Limited
+ 61 1300 660 448
General Manager Media
+ 61 413 809 404
About First Graphene Ltd (ASX: FGR)
First Graphene Ltd. is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage.
First Graphene Ltd. is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company is incorporated in the UK as First Graphene (UK) Ltd. and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.
PureGRAPH® Range of Products
PureGRAPH® graphene powders and PureGRAPH® AQUA pastes with lateral platelet sizes of 50μm, 20μm, 10μm and 5μm, as well as a range of PureGRAPH® Masterbatch and Admixture products are available in tonnage volumes. The products are high performing additives, characterised by their high quality and ease of use.
|First Graphene Limited
ABN 50 007 870 760
1 Sepia Close
Henderson WA 6166
T: +61 1300 660 448
Dr Andy Goodwin
USA OTCQB: FGPHF
Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.
The next step in its evolution is the Emerging Growth Conference.
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.
The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
All Conferences are first announced on Twitter – Follow us on Twitter
All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel
If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here.
Disclosure: The author is long FGPHF stock.