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Portfolio Companies > Storage



Axion Power International, Inc., a development stage company, engages in the research and development of a technology for the production of lead-acid-carbon energy storage devices. Its proprietary lead/carbon (PbC) technology owns six issued patents and nine pending patent applications in the United States. The company is testing its PbC battery design that uses carbon electrode assemblies to replace the lead-based negative electrodes, which are used in conventional lead-acid batteries. It also manufactures specialty batteries for resale. The company was founded in 2003 and is based in New Castle, Pennsylvania.
 
Lead Investor: Quercus Trust
Co-investor: 21Ventures




www.axionpower.com/




Firefly Energy was founded in 2003 to develop and market breakthrough technology that takes batteries to new levels of performance.  The MicrocellTM foam grid technology developed by Firefly can be incorporated into existing lead acid manufacturing without requiring major investment in new equipment and processes.
 
By incorporating the MicrocellTM technology developed by Firefly, batteries can achieve previously unheard of levels of performance and reliability.  The technology is truly revolutionary in that it breaks through long-standing barriers of conventional battery performance with new levels of power, capacity, and life at lower cost and lighter weight.
 
Firefly’s business model is based on an efficient direct sales linkage, as a technology supplier, to strategic partners and OEMs for the manufacturing and distribution of the technology into all of the existing major lead acid battery segments.  Furthermore, the potential of this technology is such that, with its implementation, it will enable relatively inexpensive batteries to penetrate new markets once thought to be the exclusive domain of much more costly battery types.



www.fireflyenergy.com/




Graphene Energy, Inc is leading the development of next generation nano-technology based ultra-capacitors for energy storage. Existing battery technologies fail to address the marketplace needs for high-power energy storage. With significant emphasis on renewable energy, including a rapid ramp-up of Solar, Wind and Geothermal technologies and government mandated requirements for high efficiency vehicles, there is a critical need for cost-effective, high-power and high-capacity energy storage solutions. Graphene has been one of the most promising materials for ultra-capacitor electrodes with expectation of power densities surpassing any other known form of activated Carbon electrodes due to its large and readily accessible surface area.
 
Unlike batteries, ultra-capacitors can store and deliver energy in very short time, thus making them most suitable for high power density applications. Furthermore, a combination of ultra-capacitors and traditional batteries are identified as the most cost effective and reliable solution for applications where lifecycle and reliability are paramount. Applications of this material and technology include regenerative braking in electric and hybrid vehicles, energy balancing for power grid, storage for Solar and Wind and Geothermal plants, hydraulic and actuator systems requiring high power densities, etc.
 
Lead Investor: Quercus Trust
Board Member: 21Ventures




www.grapheneenergy.net




Stealth Mode
 
Lead Investor: Quercus Trust
Board Member: 21Ventures




www.launchpnt.com




H2Scan, Corporation is the leading provider of high performance hydrogen specific sensor systems that provide accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. This ability is key in semiconductor plants, nuclear facilities and nuclear reactors.
 
H2scan's hydrogen specific sensing systems based on a patented "Chip on a flex" technology are able to detect and measure hydrogen without false readings or expensive support equipment required. The sensing systems are able to detect hydrogen in air down to 15 ppm concentration over a wide range of temperatures without cross-sensitivities to other gases. The ability to operate with or without the presence of oxygen with no interference from CO, sulfur or chlorine separates H2scan from all other in-line measuring technologies.
 
The company’s solid-state technology was developed at Sandia National Laboratory and the U.S. Department of Energy and is only available commercially through H2scan.
 
Lead Investor: Chrysalix Energy Management
Co-investor: 21Ventures




www.h2scan.com




Safe Hydrogen LLC is a start-up company based in Lexington, Massachusetts. The company was founded in 2001 and owns all intellectual property and relevant patents generated by a $3 million, three year research effort to evaluate the properties of various hydride slurries as potentially efficient and safe hydrogen storage and hydrogen generating fuels. Andrew McClaine, Safe Hydrogen's CTO, managed that research at a division of Thermo Electron Corporation in Waltham, Mass.



www.safehydrogen.com/