Accelerates Silicon Joule™ commercialization for advanced high power battery designs
SANTA CLARA, Calif. – January 12, 2017 – Gridtential Inc., an innovator in low-cost, high-performance energy storage technologies, today announced it has completed a $6 million fundraise with strategic investors from some of the world’s largest battery suppliers and distributors. New investors include East Penn Manufacturing, the world’s largest single-site, lead-acid battery facility; Crown Battery Manufacturing, a leader in deep-cycle applications; Leoch International, the largest lead acid battery exporter in China, and Power-Sonic Inc., a global specialty battery distributor.
Gridtential’s Silicon Joule™ technology is a novel breakthrough that replaces the lead grid inside a traditional lead battery with a plated silicon wafer similar to a solar cell. This approach translates to performance levels that match or exceed lithium-ion battery performance in many high power, medium energy and deep cycling applications, with significant cost, safety and recycling advantages. Gridtential is licensing the technology and building out its drop-in specialty Silicon wafer supply, enabling manufacturing partners to easily adapt their existing highly productive factories to provide high performing 12V to 48V batteries to their customers, without gigascale capital investments. The added funds will support further cost reductions and scaling of manufacturing processes to deliver 12 to 48V batteries, which can be one-third lighter than existing advanced lead batteries with performance up to 5x in power density.
With combined 2016 revenues exceeding $4 billion, this innovative group of battery industry manufacturers has been working jointly with Gridtential for four years to validate the potential of Silicon-Joule batteries. In that time, Gridtential has eclipsed its performance targets, providing demonstrations of the Silicon Joule technology with 6 partners in over 250 batteries. The results of those pilots showed an overall 2-5x cycle life improvement and demonstrated a scalable assembly method.
“East Penn continues to explore advanced battery technologies, and the company strongly believes that lead-based solutions will play a significant role in powering future needs,” said Kevin Smith, East Penn’s VP of Technology. “The remarkable strides that Gridtential has made in demonstrating advancements from a traditional lead-battery design, helps prove that East Penn’s lead battery beliefs are well founded. The company is excited to explore Silicon Joule technology, along with our other technology partners, in order to further support our customers and the industry’s growth in vehicle electrification and grid storage optimization.”
“Lead-acid batteries are the most cost-effective, safest form of energy storage — and they’re more recyclable than an aluminum can,” said Hal Hawk, President and CEO of Crown Battery Manufacturing. “Now, they’re even better. Because Gridtential’s new technology combines the safety, recyclability, and ROI of lead-acid batteries with up to 5X greater power density, lighter weight, and more than double the lifespan.”
“We are very excited about the potential for the Gridtential technology, and the advantages it can provide our customers. It will take lead acid battery performance and life up to the next level,” said Shawn Peng, Leoch International’s VP of Technology.
Gridtential is focused on applications ranging from 48V automotive hybrid and grid storage to back-up power for cloud computing, material handling equipment and many others. The 48V battery market for hybrid vehicles alone represents a $30 billion opportunity worldwide. While 12V electrical systems are straining to supply the power demanded by amenities and mechanical operations in contemporary car and truck models, 48V systems provide more than enough energy to support a variety of hybrid automotive features, such as stop-start energy regeneration and engine shut-off at higher speeds. Gridtential’s proprietary Silicon Joule battery technology will not only significantly reduce the cost barrier to create these systems, it will ensure that these high-performance hybrid vehicles achieve the best fuel economy possible.
“An investment like this from such a highly respected group of global battery producers is significant in two respects. First, it underscores our investors’ confidence that our licensable silicon-based bi-polar technology can change the game for advanced lead battery makers, giving them a competitive edge in the highest growth markets,” said Ray Kubis, Gridtential Chairman. “Second, it is an efficient contrast to the large capital sums going into lithium. Rather than spending our time and efforts on continuous fund raising, we’ve chosen a capital-light path with an existing global network of suppliers that will swiftly exceed gigascale production of advanced lead-based batteries to meet rapidly growing application demand.”
“This new influx of funding will allow Gridtential to expand support for its manufacturing partners and bolster R&D as we continue to identify new, industry-changing applications for our Silicon Joule technology,” said Christiaan Beekhuis, Gridtential CEO. “With help from our new strategic partners, we’ll now focus on refining our advanced, high-power designs, scaling up the silicon supply chain without driving up costs, and automating the assembly process to rival speeds familiar to high-volume producers of advanced lead-based batteries.”
About Gridtential Energy
Gridtential Energy has developed a new battery architecture that enhances the traditional benefits of lead batteries (low cost, safety, recyclability, wide temperature range and long cycle life) with many lithium-like performance characteristics including fast charging/discharging and deep depth of discharge. These breakthrough capabilities, the result of Gridtential’s novel Silicon Joule™ technology, eliminate the main failure modes of lead batteries, providing the battery the power density that lithium batteries are known for, while retaining the low cost, recyclability and safety of lead. With a global manufacturing base that is 70x the size of Tesla’s gigafactory efforts. Gridtential and its licensing partners will begin beta production of the Silicon Joule enabled batteries later this year, with a rapid scale up and commercial production in late 2017. To learn more, visit http://www.gridtential.com/
About East Penn Manufacturing Company
East Penn is a leading manufacturer of high quality lead-acid batteries and accessories for the automotive, commercial, marine, motive power, UPS and telecommunication markets. The company’s quality and environmental systems for its entire 520-acre complex have been certified to ISO 9001:2008, ISO/TS 16949:2009 and ISO 14001:2004 requirements. For more information, contact East Penn Manufacturing Co., Lyon Station, PA 19536 or visit the company website at http://www.eastpennmanufacturing.com.
About Crown Battery
Since 1926, Crown Battery has been a leading manufacturer of advanced technology, industrial traction, deep cycle, starter and AGM batteries. Every one of Crown’s lead-acid batteries is 99% recyclable and comes from the company’s ISO 9001:2008-certified plant in Fremont, Ohio. The plant incorporates solar panels, wind turbines, and high-efficiency robotic welding. Crown batteries power businesses, industrial and residential vehicles, off-grid homes and villages, and more than 100 other application types on six continents. http://www.crownbattery.com
About Leoch International
Leoch International Technology Limited (“Leoch”), founded in 1999, is an international high- tech enterprise listed on the Hong Kong Stock Exchange since 2010. Leoch specializes in research and development, manufacturing, sales and marketing of full categories of lead-acid batteries in reserve power, automotive, motorcycle and motive power applications. Leoch has production bases in China, Malaysia, Sri Lanka and India, which include 3 R&D centers and 97 production lines. http://www.leoch.com
MissionCTRL for Gridtential
SAN JOSE, Calif., Nov. 2, 2015 /PRNewswire/ — Today, Gridtential Energy, Inc., developer of a proprietary technology for advanced lead-based batteries, announced it has appointed industry luminary Ray Kubis to its Board of Directors. He brings 35 years of management and technology experience worldwide with market leaders in the industrial and automotive sectors of the battery industry and will support Gridtential as the company mobilizes hundreds of existing lead-based gigafactories worldwide.
For a cumulative 15 years, Kubis served as President of Hawker and EnerSys, leading the companies’ industrial battery business development across Europe, the Middle East and Africa. He has also worked in senior leadership positions with Johnson Controls and Exide in the automotive battery industry. Most recently, Kubis has served as President of EcoBat Technologies, Ltd., the global leader in the recycling and supply of lead for batteries. As Gridtential continues to license its Silicon Joule™ platform to battery manufacturers, Kubis’ past experience will play a significant role in scaling the innovative platform worldwide.
“Energy storage markets are expanding with new and more challenging battery application requirements across the industrial, automotive and specialty markets,” said Ray Kubis. “Gridtential’s product innovation offers a real chance for step-change improvements in battery performance. By leveraging the mature manufacturing processes for lead and silicon with the existing lead-based battery plants, the innovation is practical and affordable when contrasted to new billion dollar super- or giga-scale investments.”
Leveraging two mature industries – lead and silicon – Gridtential is able to target a $100/kWh installed price for its drop-in lead-based battery replacement. The company’s unique licensing model allows battery manufacturers worldwide to adopt the silicon-based technology using existing infrastructure, allowing every lead-based battery manufacturer to access higher energy density and longer cycle life under more demanding conditions than incumbent products. Lead batteries are also one of the most sustainable products used today, as over 99% are recovered and completely recycled.
“Ray is an invaluable addition to our team as we work to mobilize hundreds of existing gigafactories globally,” said Christiaan Beekhuis, CEO of Gridtential. “After decades of technical and supply chain success within the lead-based industry, he has the experience and the vision we need as Gridtential enables the industry to meet the performance and scale required for the coming massive deployment of grid storage.”
About Gridtential Energy
Gridtential Energy has developed a low-cost, scalable battery architecture that significantly improves energy density, cycling performance and battery life. To date, the company has signed four US and two international battery manufacturers as development partners. Gridtential will license the technology to global battery manufacturers to leverage their existing high-volume battery production capabilities. Gridtential Energy is located in Santa Clara, California. To learn more, visit http://www.gridtential.com/
SOURCE Gridtential Energy
SAN JOSE, Calif., Aug. 24, 2015 /PRNewswire/ — Gridtential Energy, Inc., an innovator in low-cost, high-performance energy storage technologies, today announced that it has appointed one of Dolby Laboratories licensing pioneers, Ed Schummer as Chief Licensing Officer. A nearly thirty-year Dolby veteran, Schummer was instrumental in shaping Dolby’s first-in-kind licensing model, widely credited for parlaying a once obscure, but novel, noise reduction technology into a global quality mark. The Schummer win represents a major talent acquisition for Gridtential as the company advances its global licensing strategy for its patented Silicon Joule™ battery technology.
Under Schummer’s leadership, the Dolby team created and refined an influential and much imitated licensing model program and made the Dolby brand synonymous with best-in-class entertainment systems. Dolby’s licensing footprint spans 40 countries with 100’s of licensees from consumer electronics manufacturers to software vendors.
“When I joined Dolby more than 30 years ago, we’d developed a high quality audio system, constrained in a niche market. But our small team then saw what I see in Gridtential now – an opportunity to reinvigorate a conventional market, in this case battery manufacturing, with a best-in-class platform, ” said Ed Schummer, Chief Licensing Officer at Gridtential Energy. “Knowing what I know now, I’m looking forward to working closely with Gridtential’s expanding portfolio of battery manufacturer licensees to tap their existing gigawatt-scale factories and help them leverage the Silicon Joule platform into one of their most lucrative new revenue streams.”
For decades, battery manufacturers in the $31B lead-acid sector have sought an advanced storage solution that extends beyond the current benefits of the chemistry in order to serve in-demand sectors like stationary, mobility and now distributed energy. Yielding higher energy density, longer cycle life and deeper depth-of-discharge than incumbent lead-acid, while offering a safe alternative to lithium ion, Gridtential’s Silicon Joule platform is an economic solution to enable these existing and emerging sectors.
“The addition of Schummer to the team is a major coup for us. Anyone familiar with Dolby’s success will recognize the impact Ed had in transforming a novel technology into an unprecedented brand and sales driver,” said Christiaan Beekhuis, CEO of Gridtential Energy. “Under Ed’s leadership, Dolby became the gold-standard for sound – regardless of the system’s size, location or application – and I know he will be instrumental in supporting new and existing battery manufacturers as we grow our customer program and IP portfolio.”
About Gridtential Energy
Gridtential Energy is developing a low-cost, scalable battery architecture that significantly improves energy density, cycling performance and battery life. Gridtential has relationships with key suppliers to accelerate development of highly repeatable, high-volume battery production capabilities. Gridtential Energy is located in Santa Clara, California. To learn more, visit http://www.gridtential.com/
SOURCE Gridtential Energy
Independent tests verify it — Gridtential boosts lead acid performance at 1/3 the cost of lithium-ion
SAN JOSE, July 13, 2015 /PRNewswire/ — Gridtential Energy, Inc., a provider of low-cost, high-performance energy storage technology, today announced that it has been selected by the Department of Energy (DOE) as one of a handful of companies to pursue validation analysis at Sandia’s Energy Storage Analysis Laboratory. The grant is designed to further the DOE’s strategic mission in the area of grid storage and coincides with Gridtential’s completion of 140 alpha units based on its Silicon Joule™ technology.
Flying in the face of Tesla’s recent declaration that lead acid is “dead”, recent independent tests have confirmed that Gridtential’s silicon-based approach to advance traditional lead acid significantly improves performance, while utilizing 40% less lead. The results point to Gridtential as an ideal solution for solar’s urgent need for 2 to 4 hour grid storage applications. At Sandia, the test plan is designed to address two use case scenarios:
Gridtential Energy has also been funded in part by an award from the California Energy Commission’s Energy Innovations Small Grant Program. The company has developed and tested internal prototypes of an advanced battery design that has 75% lower LCOE of traditional lead acid, 2x cycle life improvement at 80% depth of discharge and 2x greater available energy at same weight as current products. The seed funding will be used to develop full-scale demonstration units for field tests within the next year.
“Tesla is not the only company capable of producing a smart, sexy battery; the difference is ours is safe and scalable today. Via our battery manufacturing partners, we have access to hundreds of operating ‘gigafactories’ that can bring our Silicon Joule™ technology to market without retooling or massive investment,” said Christiaan Beekhuis, President and CEO of Gridtential Energy.
About Gridtential Energy
Gridtential Energy is developing a low-cost, scalable battery architecture that significantly improves energy density, cycling performance and battery life. Gridtential has relationships with key suppliers to accelerate development of highly repeatable, high-volume battery production capabilities. Gridtential Energy is located in Santa Clara. To learn more, visit http://www.gridtential.com/
SOURCE Gridtential Energy
San Jose, CA (PRWEB) March 07, 2013
Gridtential Energy, Inc., a developer of low-cost, high-performance energy storage technology, today announced that The Roda Group has led the company’s seed round of financing.
Founded in 2010, Gridtential Energy has been funded in part by an award from the California Energy Commission’s Energy Innovations Small Grant Program. The company has developed and tested internal prototypes of an advanced battery design that has significant cost and performance advantages over current products. The seed funding will be used to develop full-scale demonstration units for field tests within the next year. Read More