Lack of Funding Holds Back Ultracapacitors

http://www.ecogeek.org/content/view/2269/69/
Written by Megan Treacy
Wednesday, 05 November 2008


Ultracapacitors could be the key to making electric and fuel cell vehicles more affordable and efficient, but a lack of funding is standing in the way of their production. EEStor, a company that has made breakthroughs in ultra-cap technology, has acknowledged that they won't meet their goal of producing any this year because they haven't raised enough money.

The company signed an exclusive contract with Canadian manufacturer ZENN and said it has negotiated another deal with Light Electric Vehicles Company, but it seems we will have to wait a bit longer to see the fruits of these contracts.

Not all is lost though. Two other companies working on ultra-cap technology have recently received funding or new contracts. Apowercap Technologies received a $5 to $20 million commitment form EastOne Group and Maxwell Technologies signed contracts with Van Hool and Golden Dragon Bus to install their ultracapacitors in buses.

It's frustrating to know that the technology is ready to be installed, but funding is keeping it from being used. We'll be anxious to hear more from these companies about their progress.

via AutoblogGreen and Venturebeat

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