KELOWNA, BC, April 7, 2015 /PRNewswire/ - SUNVAULT ENERGY INC. ("Sunvault") ("the Company") (SVLT) was recently at the Wall Street Conference in Miami Florida where CEO Gary Monaghan and Sunvault Director Governor Bill Richardson addressed the audience on recent company developments.
At the conference, the Company presented a 1000 farad graphene supercapacitor – the largest graphene supercapacitor developed to date and a technology that will in short order compete with, if not potentially replace the lithium battery in the future. The 1000 farad graphene supercapacitor was created through one of Sunvault's Joint Venture Companies', Supervault Energy, a 50/50 JV between Sunvault Energy and Nanotech Energy Inc.
At the conference CEO Gary Monaghan was quoted as follows: "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"
"Graphene based Supercapacitors are carbon based, and form no toxicity threat to the environment, unlike the lithium battery" stated Gary Monaghan. There is ample supply of graphene or elements to make graphene, while Lithium supplies are dwindling" he continued.
At the conference the Company displayed the ability to 3D print device parts, which can significantly reduce manufacturing costs. The ability to wire these devices together results in a unit that would be approximately the size of a computer tower that would be able to store enough energy to power a home. This would work in conjunction with Sunvault's planned stand up solar appliance for power generation that would be slightly larger than an air conditioning unit, and could supply the much publicized, "home off the grid" potential of the future, announced recently by others. The Company believes its Solar appliance device plans far surpasses the "roof full of solar panel approach" for ease of entry and removes the barrier to entry that potentially resides in most consumers' minds; because of the construction project approach they currently face for deployed solar.
The ability to fast charge devices with pseudo/Supercapacitor units versus a slower energy release of lithium Ion batteries will impact the smart phone, electric car, power grid stabilization and home off the grid markets. In layman terms - A smart phone that will be charged in under a minute and an electric car can both be powered by the graphene pseudo/supercapacitor that can fast charge more rapidly than any battery and effectively last a life time, will significantly change the landscape of the future. In every decade there is some breakthrough technology that will significantly impact the world and its future, Sunvault believes for "this decade that breakthrough is graphene and all of its potential uses".
The Company is also looking at other Joint Venture opportunities for the deployment of Graphene base heating and power storage systems, and has started to look for areas to set up manufacturing for products that are ready to go to market.
The following video outlines some of how graphene can impact the world going forward: click-VIDEO
About Sunvault Energy Inc.
Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the solar industry through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that working with Universities will expedite Sunvault technology into real world applications, the ability to reduce the required footprint and cost associated to traditional solar energy generation, collection and storage, or that the technology has the potential to revolutionize how solar energy is generated, stored and utilized.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Sunvault Energy Inc.