Ultracapacitor and R&D company YUNASKO, has secured a licensing agreement with POWER TECH for the manufacturing and sales of high-performance ultracapacitors cells and ultracapacitor modules.
It is first time energy storage technology from Europe has been licensed by a Chinese company.
Under the terms of the agreement, YUNASKO will license ultracapacitor technology for use in public transportation including hybrid new energy buses and vehicles, subways, trams and railroads and similar applications.
YUNASKO cells are pouch type, symmetric carbon-carbon energy storage devices with organic electrolyte. These cells have been tested at independent testing labs including JME Inc. in the USA.
Peer Nielsen, CEO of Power Tech, said: “We are going into production now and we are very excited about the market opportunity and our license agreement with Yunasko.
“The Yunasko technology is clearly superior to the best available and we plan to provide the Chinese market with a product produced in China that is competitive on both performance and price.”
POWER TECH has constructed a 10,000 square meter ultracapacitor manufacturing facility in Hebi City in the Chinese province of Henan, to meet the growing demand for energy storage in China. Power Tech will manufacture ultracapacitor cells and modules utilising the proven YUNASKO technology.
Dr. John R. Miller, head and founder of JME, Inc. said the measured life for the YUNASKO ultracapacitors exceeded manufacturer’s specifications, when tested from his laboratory.
He said: “These cells have been designed to have minimum ESR and have the lowest DC resistance and exhibit the highest charge/discharge efficiency.
“The pilot production YUNASKO capacitors exhibited the longest life in terms of capacitance retention. Even with tripling of resistance these capacitors still have very low resistance values.”
Vadim Utkin, CEO of Yunasko said: “We believe there is significant opportunity for Yunasko’s technology across several different markets in China like buses, renewable energy and mass transit, so expanding our partnership should provide Power Tech the opportunity to benefit from the increasing demand for ultracapacitor solutions.”
He added: “In the energy storage industry, it is advantageous to establish manufacturing operations in close proximity to the customer base, so we believe ramping up a manufacturing facility in China will help us bring our solutions to market more quickly and cost-effectively.”
