EnerG2, an innovative
engineered materials company with a strong track record of backing from the
public and private sectors, including clean-tech venture capitalists, announced
today that it is introducing advanced nano-structured materials for energy storage
The five-year-old firm's state-of-the-art solution revolves around customized
electrode materials that enhance energy and power density in ultracapacitors,
one of the essential engines of the new energy economy.
Ultracapacitors, which are dependent on the performance of their materials,
store and release more energy faster than conventional batteries. The size and
make-up of the electrodes' surface area helps ultracapacitors store and supply
large bursts of energy; the materials also effectively enable limitless cycle
Looking forward, ultracapacitors containing EnerG2 materials will be increasingly
embraced by the automotive industry for hybrid electric vehicles, by electronics
manufacturers for enhancing the life and usability of consumer goods, and by
a variety of industrial customers to deliver an ever-increasing breadth of new
ways to improve energy efficiency.
Materials That Matter:
"We believe that efficient, reliable and cost-effective clean energy storage
will be an essential element in the New Energy Economy," says Rick Luebbe,
CEO of EnerG2. "And that's why we're approaching the problem with engineered
materials solutions. It's the materials that matter in energy storage devices."
EnerG2's unique process controls the molecular structure and assembly process
of pure carbon materials at the earliest stage possible. The benefit of this
ground-up approach is that it leads to greater flexibility, lower costs and
Overcoming Energy Storage Limitations:
"Rather than accept the limitations of naturally occurring materials,
EnerG2 uses materials science to assemble cutting-edge products at the molecular
level," explains Lee Cheatham, Executive Director of the Washington Technology
Center (WTC), an original supporter of EnerG2. "As a result, the company
shows great promise for overcoming today's energy storage limitations."
In addition to WTC, EnerG2 and its scientific approach to energy storage has
been backed over the past five years by the University of Washington, WRF Capital
of Seattle, Washington, the Sustainability Investment Fund of Portland, Oregon,
OVP Venture Partners of Kirkland, Washington, Firelake Capital Management of
Palo Alto, California, and members of the Northwest Energy Angels.
Last month, EnerG2 raised $8.5 million in Series A financing. The financing
was led by OVP and Firelake.
In the future, EnerG2 materials may be used to improve natural gas, methane
and hydrogen storage as well as lithium-ion batteries.
Posted November 19th, 2008