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{"id":1212,"date":"2020-10-07T01:40:40","date_gmt":"2020-10-07T01:40:40","guid":{"rendered":"https:\/\/www.solarpanel4free.com\/?p=1212"},"modified":"2020-10-07T01:41:00","modified_gmt":"2020-10-07T01:41:00","slug":"investors-bet-27-5-million-that-nanotech-energys-graphene-battery-breakthrough-is-the-real-thing","status":"publish","type":"post","link":"https:\/\/www.solarpanel4free.com\/investors-bet-27-5-million-that-nanotech-energys-graphene-battery-breakthrough-is-the-real-thing\/","title":{"rendered":"Investors bet $27.5 million that Nanotech Energy\u2019s graphene battery breakthrough is the real thing"},"content":{"rendered":"\n

The startup claims to be \u201cthe world\u2019s top supplier of graphene\u201d and plans to release a non-flammable, environmentally friendly lithium battery that can charge \u201c18 times faster than anything that is currently available on the market\u201d \u2014 within the next year.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Battery and graphene technology startup Nanotech Energy<\/a> closed a $27.5 million funding round at a post-money valuation of $227.5 million, according to the company. The investors were not disclosed. The company has raised more than $30 million since its 2014 founding.<\/p>\n\n\n\n

Jack Kavanaugh, CEO of the company, spoke with pv magazine<\/strong>. His startup claims to be \u201cthe world\u2019s top supplier of graphene\u201d and plans to release a non-flammable, environmentally friendly lithium battery that can charge \u201c18 times faster than anything that is currently available on the market\u201d \u2014 within the next year.<\/p>\n\n\n\n

(This list<\/a> of leading graphene suppliers does not include Nanotech Energy.)<\/p>\n\n\n\n

Kavanaugh said, \u201cWe are confident that we have a one-of-a-kind, industry-changing product that will impact the technologies and bottom lines of multiple end-user markets.\u201d<\/p>\n\n\n\n

Headquartered in Los Angeles, California, Nanotech Energy is co-founded by Kavanaugh and UCLA scientists Richard Kaner<\/a> and Maher El-Kady.<\/p>\n\n\n\n

Although investors in this round were not disclosed, Kavanaugh, along with fellow-board members Mahi De Silva<\/a> and Robert Snukal are part of Multiverse Investment Fund<\/a>, a minority investor in the battery startup, according to Pitchbook<\/a>.<\/p>\n\n\n\n

Graphene<\/strong>!<\/p>\n\n\n\n

Graphene can improve the surface area and electronic conductivity of the lithium-ion battery anode and cathode. According to the company, these nanostructured electrodes \u201cenable a new generation of lithium-ion batteries with excellent power density, exceptionally high energy density and long cycling life.\u201d<\/p>\n\n\n\n

The startup uses a solution processing method that allows graphene to be coated on \u201cany substrate\u201d along with a laser process step that forms a graphene foam. The company had originally applied its graphene technology to making better supercapacitors but now focuses on its \u201csuper battery.\u201d<\/p>\n\n\n\n

Nanotech Energy is commercially shipping graphene inks and the CEO stresses that it is producing \u201creal graphene,\u201d not graphite. Science Mag<\/em> points out that much of what is sold as graphene<\/a> is often small pieces of bulk graphite \u2014 despite its $300 per gram price. Graphite is used as structural support in tennis racquets and bicycles \u2014 but it\u2019s not the one-atom-thick sheet of monolayer graphene needed to make a better battery.<\/p>\n\n\n\n

The CEO said that fabricating its own graphene allows the startup to be vertically integrated. He adds that the firm can produce kilos per day compared to the grams coming from other vendors.<\/p>\n\n\n\n

Specs and claims<\/strong><\/p>\n\n\n\n

The CEO said that the company\u2019s technology is being applied to various lithium formulations, as well as a non-lithium, environmentally friendly, water-based electrolyte.<\/p>\n\n\n\n

The company claims:<\/p>\n\n\n\n