CAP-XX has formally signed a joint venture agreement with Ionic Industries, Australia’s first company focused on commercializing graphene technologies, strengthening its local supply chain and collaboration with local universities to increase graphene supercapacitors energy density.
The partnership between the two companies will focus on commercializing Ionic’s reduced graphene oxide (rGO) technology to increase electrode density in supercapacitors and other energy storage devices under the CAP-XX brand.
Graphene is the thinnest material suitable for commercial applications, being only one carbon atom thick. It is also one of the strongest and hardest materials in the world, 200 times stronger than steel of the same thickness. However, graphene is also very flexible and does not break under any conditions.
Ionic’s rGO material has a highly conductive structure that improves the packing density of the active materials in devices’ electrodes while maintaining high power performance. The rGO technology will help CAP-XX to increase electrode energy density in its supercapacitors, enabling the company to enlarge its product portfolio and access further markets and applications. This increase will take supercapacitors closer to the energy density of lead-acid batteries while providing significantly superior power density and cycle life.
CAP-XX’s supercapacitors utilizing Ionic’s rGO material are expected to serve various applications, including both electric and internal combustion engine vehicles, microgrid storage, smart meters, electronic locks, asset trackers and IoT devices. Additionally, rGO materials are expected to have applications across various hybrid capacitors and batteries. CAP-XX expects to have samples of its supercapacitors featuring the innovative rGO material ready for customers by mid-2024.
Commenting on the company’s joint venture with Ionic, Lars Stegmann, CEO of CAP-XX, said:
“We’ve been in discussions with Ionic for around 18 months, so it brings me great pleasure to see our efforts materialize into this formal partnership. Our collective mission is clear – we want to elevate our technologies to deliver new performance levels. We believe in the power of synergy, and this relationship between our two companies will set new industry benchmarks.”