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First Graphene (ASX:FGR) secures funding for supercapacitor research

ASX News, Materials
ASX:FGR      MCAP $38.89M
19 January 2022 10:43 (AEST)

Source: First Graphene/LinkedIn

First Graphene (FGR) receives funding from Innovate UK EDGE to work on its supercapacitor graphene hybrid materials.

The Innovate EDGE funding is intended to support high-growth small to medium enterprises (SMEs) to scale up and innovate.

First Graphene will work alongside the UK’s “Research and Technology Organization and Catapult Network” and engage with experts at the Energy Innovation Centre.

The £15,000 (A$28,378) funding will be matched with approximately $100,000 in-kind funding from First Graphene’s internal resources to advance its technology.

The funding will be used to progress the development of novel supercapacitors using hybrid-graphene materials and optimised protic ionic liquid electrolytes.

The cells are designed to have the ability to operate at high voltages which will target power density above 10 kilowatts per litre and energy density above 10 watts per litre.

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 does not have a rigid enclosure, instead using a sealed flexible foil.

It reduces the weight compared to other battery formats and allows greater flexibility to fit them into various products.

The project will run until the end of February and is planned to release a proof-of-concept cell within the next year.

First Graphene was up 6.82 per cent to 23.5 cents at 10:42 am AEDT.

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