Rune Wendelbo pitches Graphene Batteries from Norway
Ecosummit TV: Graphene is a very promising material that won the Nobel prize in 2010. CTO Rune Wendelbo pitches Graphene Batteries from Norway at ECO13 London. The Oslo-based startup targets the market for batteries in transportation that is forecasted to be $21B in 2020 and develops the active material on the cathode, a key component that represents 25% of the value of the battery. Rune and his team claim that their Graphene-LFP (Lithium Iron Phosphate) composite for the cathode promises increased energy density, lifetime, safety as well as non-toxic production. On a lab scale Graphene Batteries achieved proof of concept but they still need to demonstrate that their manufacturing process is scalable. To establish the pilot production Rune wants to raise $2.2M and thinks that an exit to a chemical corporate with a strong position in the battery business could happen within 3 years.
The ECO13 London presentation slides of Rune are available as PDF.
Tags: Advanced Materials, Battery, Cathode, Chemical Corporate, ECO13 London, Ecosummit London 2013, Graphene, Graphene Batteries, Lithium Iron Phosphate, Mobility, Nobel Prize, Norway, Oslo, Rune Wendelbo, Smart Green Startup, Tesla, Transportation