Sunvault Energy, Inc. has received a non-solicited letter of interest from the Edison Power Company, a private Delaware company, expressing an interest in acquiring the total issued and outstanding shares but no less than 50.1 % of the total issued and outstanding shares of Sunvault. The letter describes that there are potential synergies between the two companies that could make the acquisition advantageous to both sides. The intention as described in the letter is to combine Sunvault Solar Power Generation Technology with Edison Energy Storage technology.
This follows a recent announcement that in conjunction with the Edison Power Company Sunvault successfully created the world's largest 10,000 Farad Graphene Supercapacitor. The development is a combined effort between Sunvault Energy and the Edison Power Company. At 10,000 Farads, there is no other graphene supercapacitor built to this size in the world. The Company is continuing to evaluate what level of building block it will launch its initial product lines from, as that will determine the various configuration designs to launch in its initial product lines.
"This technology is more accurately defined as a hybrid bringing the power density associated to a battery together with the high impact fast charging known to capacitors" stated Gary Monaghan, CEO of Sunvault. "At 10,000 Farads, a Graphene Supercapacitor / Battery is powerful enough to power up a Semi Truck while being the size of a paperback novel at this point" "We continue to advance daily on our product development and we expect large gains in shrinking the size of the unit over the next few weeks", he continued.
The relevance of the size and power supplied with these graphene storage units are that they can be connected together like storage building blocks to form a larger form of electrical storage for many markets. The higher the Farad combined with the smallest sized unit allows an optimum building block approach. The building block approach allows for sizing to any existing battery driven product that exists on the market today and also new product development as an internal component. Some initial markets of concentration for Sunvault Energy in conjunction with the Edison Power Company are the smart phone market, the electric car market, electric grid stabilization and the recently popularized concept of a home off the Grid with Solar and a proven storage component made front of mind to potential investor's recently through information releases by Tesla.
In another recent past release by Sunvault, the company CEO spoke of the pricing as it relates to the home off the grid strategy with the following quote from CEO, Gary Monaghan: "Currently the cost to manufacture a lithium battery is about $500 (USD) per/ kWh. Tesla recently announced a Super Factory to be built in Nevada, with a promise to get the price of lithium batteries down to $150 USD per kWh by 2020, our current cost estimated for this type of graphene base supercapacitor is about $100 per kWh today and we feel confident we should be able to cut this pricing in half by the end of 2015"
