Skeleton Technologies has secured a further €2.5 million from Europe’s biggest research and innovation programme to help the manufacturer double the performance of its graphene ultracapacitors.
Horizon 2020 has announced Skeleton Technologies, Europe’s leading ultracapacitor manufacturer, would receive the research funding to scale up production of its patented carbide-derived carbon for inclusion in its power modules.
The Global Cleantech 100-listed company was among 45 firms selected out of more than 1000 applicants in the second phase of the Horizon 2020 SME Instrument programme – focused on strengthening Europe’s technology base, encouraging pioneering science and supporting SMEs – after benefitting from an earlier funding round in 2014.
Skeleton Technologies CEO and co-founder Taavi Madiberk said the second Euro grant would further assist the company to upscale graphene production in its mission to double the performance of its ultracapacitors.
"The current challenge for Skeleton Technologies is increasing our production volume of carbide-derived carbon graphene. We’re already making terrific progress to refine our production technology and increase our efficiency.
“The latest Horizon 2020 funding phase will assist our long-term goal of being capable of mass production quantities and delivering even more powerful ultracapacitors across industry.”
Skeleton Technologies was among 45 innovation companies to receive almost €50 million in the second phase of Horizon 2020 funding.
Horizon 2020 aimed to encourage companies to come up with innovative solutions to help solve our biggest societal challenges, such as energy, healthcare, food, security and transport.
This latest phase would allow companies invest in innovation activities such as demonstration, testing, scaling up and miniaturisation, in addition to developing a mature business plan for their product.