Ultracapacitor manufacturer, Skeleton Technologies has signed a distribution agreement with Sumitomo Corporation Europe to provide energy storage solutions for the hybrid electric and electric vehicle industry.
Ultracapacitors are high power energy storage devices, which fill a vital gap in hybridisation and electrification efforts in the automotive sector. With high power density, a recharge time of two to three seconds and more than 1m life cycles, ultracapacitors reduce CO2 emissions and increase performance.
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In electric vehicles, graphene-based ultracapacitors can be used in tandem with lithium-ion batteries, doubling the battery lifetime and downsizing the cell receiving the peak power from ultracapacitors and the long-term energy from the batteries.
“We are excited to announce the agreement with Sumitomo Corporation Europe, it was a natural fit from the start,” said Skeleton Technologies CEO, Taavi Madiberk.
“Sumitomo´s distribution network and technical expertise in electrification enable us to expand our footprint in the automotive sector and tap into the company’s relationships with key players in the transportation industry.”
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By GlobalData
