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Eestor promises demo of its radical new battery in 2010
by Matt Jansen on July 21, 2009
Eestor has shrouded itself in mystery, and if the promises it’s making about a new ultracapacitor battery in 2010 are true that certainly makes sense because other companies would kill for that sort of leap in efficiency. Zenn Motor Company has invested enough to earn a 10.7% ownership stake in Eestor with its latest payment at $700,000.
That infusion of cash arrived after an independent verification by Zenn Motor Company that a permittivity milestone was achieved. Confirmable details are scant but Eestor has convinced Zenn Motor company that its technology is real and will be demonstrated in 2010. Seeing an actual battery in action is another matter though and seems to be dependent on the ability to ramp up production leading up to full scale commercialization.
One of the most basic questions GM-Volt asked during its interview with Ian Clifford, CEO of Zenn Motor Company is “have you actually seen one of these devices functioning?” That is a seemingly straightforward question that wouldn’t require details as to how the technology works, but Clifford deferred saying “That gets into the point of non disclosure.”
Sharing whether or not one of the devices exists and is functioning could perhaps allow competition to understand how far behind or ahead they are, but what are the other risks that make the answer to that question so vague? Eestor certainly won’t provide any questions, and it’s possible the extreme veil of secrecy is intended to create buzz. Clifford says:
We did our original due diligence back in 2002 and 2003. We were exposed to the original technology then. Right now, we like everyone else are waiting for at voltage components off their production line. And that’s as specific as I will get. And really that’s all that matters.
Eestor’s ultracapacitor promises to make recharging the battery take minutes instead of hours, increase energy storage capacity by several times, and reduce the cost of manufacturing batteries significantly especially when compared to manufacturing lithium-ion batteries.