The University of NSW has signed a deal with Hangzhou Cables, a subsidiary of Chinese manufacturing giant FCJ, to develop more efficient graphene-based cables. The goal is a 5% boost in electricity transmission in China, which would equal an annual saving of 275 terawatt hours.
The $20 million (almost 15 million USD) contract will see the UNSW team spend the next year developing a 10m prototype graphene cable. The scientists will then work with their Chinese partner to develop a 1km-long version in China.
Hangzhou Cables plans to create a new entity to commercialize the technology on a global scale, exporting to other markets — notably northern Europe — as well as meeting Chinese demand. UNSW will retain 505 of the intellectual property rights and take an equity stake in the new company.