SunVuale was a Canadian-based public company (OTCBB: SVLT) that developed renewable energy solutions.
The company developed graphene-based supercapacitor technology for use in solar cell arrays. In November 2015 Sunvault announced that is has completed the development of a graphene-enhanced smartphone battery case that uses the company's supercapacitor technology, and it aims to crowd-fund this project.
The company is no longer in business.
The latest Sunvault graphene news:
Sunvault Energy announced signing a letter of intent with U.S-based Edison Power Company to retail power within de-regulated power markets. The first market as part of the roll out strategy is planned to be the Alberta market, followed by other similar markets and markets that have time of use pricing.
Sunvault will be working closely with Edison to launch a new power retail program that will be unique in its approach and will benefit Alberta consumers greatly. Sunvault will work through its incubation company, Aboriginal Power Corp, for power sales within First Nations territories. Sunvault aims to supply Alberta with "green" energy using its graphene supercapacitor technology and e future to spread out to aditional areas. The company's services are planned to cost less than existing market providers, while offering the same kind of Green benefit to consumers.
Sunvault's graphene-based supercapacitor declared to someday replace Lithium-ion batteries and compete with Tesla's battery aspirations
Representatives of The Canadian Sunvault recently attended the Wall Street Conference in Florida where they presented a 1000 farad graphene supercapacitor. This is claimed by the company to be the largest graphene supercapacitor developed to date and a technology that will in the future compete with, if not potentially replace, the lithium battery.
The company's CEO was also quoted at the conference: "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".
Canadian Sunvault Energy has formed the Supervault Energy JV to develop UCLA-patented graphene supercapacitor technology. It announced its plans to soon enter a joint venture which "change the face of renewable energy generation and storage".
The company states that graphene will enable devices that recharge in seconds and that supercapacitors could be scaled up from portable devices, such as smartphones, to charging stations for electric vehicles. The company says that the technology can be scaled up to utility-sized applications and that it intends to incorporate the technology in its solar cells to produce a device capable of generating, transferring and storing energy in one unit.