Nawa Technologies to begin mass production of its next-gen ultracapacitors by end of 2019
Aix-en-Provence, Tuesday, May 14th – NAWA Technologies, supported by InnoEnergy makers of next-generation ultracapacitor-based energy storage systems, is entering a crucial phase of its rapid scale-up: industrialization and mass production.
Having completed its technical development programme, NAWA has also successfully raised 9M€ from new investors including industrial investment company Kouros and CAAP Creation (the venture capital arm of Credit Agricole Alpes Provence) alongside existing investors Demeter, Région Sud Investissement, Supernova Invest, Davaniere Capital Partners and KIC Innoenergy.
Now in the process of finalizing further funding, NAWA Technologies is preparing to install a first of its kind production line at its Aix-en-Provence facility. By the end of this year, the first manufacturing equipment will be installed and operational, allowing NAWA to steadily build up to over 100,000 ultracapacitor cells a month when at full capacity. With today’s global market for ultracapacitors worth around €500m globally, but estimated to grow to €2-3bn in 2023, NAWA Technologies is ideally positioned to take advantage of increased demand.
Pascal Boulanger, COO of NAWA Technologies, said: “Having completed our development phase with highly successful results, we are delighted to announce we will be operational with the first phase of our production by the end of this year. The installation of new manufacturing equipment at our facility begins in earnest and we will soon supply cells to a wide range of global sectors. Our technology really does have the potential to revolutionize energy storage and there are no limits to how far we can take it.”
Ulrik Grape, CEO of NAWA Technologies, said: “Global ultracapacitor demand is set to rocket in the coming years and we are perfectly positioned to meet the increased needs of multiple sectors, from manufacturing to automotive, urban mobility to smart energy management. Thanks to the backing of new and existing investors, we are rapidly scaling up and we are very excited indeed to be entering the industrialization phase with mass production imminent.”
Tel: +44 207 287 9610
About NAWA Technologies
NAWA Technologies’ Ultra Fast Carbon Batteries are the next-generation of the ultracapacitor, featuring vertically-aligned carbon nanotube electrodes. Combined with a pioneering unique coating they can offer three-to-five times more energy than existing ultracapacitors or up to five times more power, depending on application. Setting new standards for charging speed, frequency and environmental friendliness, NAWA Technologies’ Ultra Fast Carbon Battery bridges the gap between existing ultracapacitors and more traditional lithium-ion batteries. […]
Thanks to InnoEnergy
InnoEnergy is the innovation engine for sustainable energy across Europe. It supports and invests in innovation at every stage of the journey – from classroom to end-customer. With its network of partners it builds connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets. InnoEnergy was established in 2010 and is supported by the European Institute of Innovation and Technology (EIT).