This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI6I03I_L.jpg
Like batteries, supercapacitors are used to store and release energy, but at smaller quantities and faster speeds.
Skeleton Technologies uses aluminium and a carbon-based material it produces in Estonia to make its supercapacitors, recouping energy produced naturally – such as through a vehicle braking, or an elevator or crane moving downwards – and releasing it faster than lithium-ion batteries can.
The factory in the town of Markranstaedt, to be Europe’s largest, will build 12 million cells a year, 8 million of which will be smaller cells for passenger vehicles and 4 million of which are larger cells for heavy-duty transportation and the energy grid.
Skeleton will invest 220 million euros ($223.39 million) in the factory.
At the moment, the firm, which already operates a smaller site near Dresden producing around 300,000 cells a year, primarily serves clients in heavy-duty transport or grid management such as SkodaElectric or Poland’s ZPUE.
It has signed contracts with German car manufacturers and letters of intent with Japanese manufacturers, a spokesperson said, declining to name the companies due to the terms of the agreements.
The aim is for automotive clients to account for around 20% of revenue by 2027, Chief Executive Taavi Madiberk said.
($1 = 0.9933 euros)
