CAMX Power comes out of stealth to release the best lithium-ion batteries on the market
CAMX Power, the largest independent lithium-ion battery materials and design entity in the United States, is opening its doors after 15 years in stealth.
The company’s Founder and President, Dr. Kenan Sahin, announced its opening last Thursday. CAMX Power has launched an array of services and technology products for the e-mobility and e-portability energy storage markets, bringing state-of-the-art facilities and extensive knowledge of lithium-ion batteries up and down the supply and use chain, benefitting clients along the way.
Sahin has chosen the perfect time to fully launch CAMX Power, as electric vehicles – in which lithium-ion batteries are necessary – are more popular and in-demand than ever; it is an industry that is expected to be worth hundreds of billions of dollars by the mid-2020s. Plus, consumers are increasingly concerned with portable, clean energy solutions, opening doors for businesses like CAMX Power.
The company has spent the last 15 years developing CAM-7, the highest performance cathode – the key component of lithium-ion batteries – available today, allowing it to burst into the market now with the most possible impact. CAM-7 has already been licensed by two key global cathode material manufacturers to make and sell it in quantity, making it accessible to the wider market. CAMX Power sunk over $75 million into creating it, building the best facilities and hiring the world’s leading experts to achieve this strategic goal.
“The advanced battery energy storage space is dominated by a few big players and as the market expands, new companies with innovative ideas will be challenged in acquiring the access and insider knowledge they need to succeed,” Sahin said. “Having achieved our strategic mission of developing CAM-7 and putting it in the hands of major manufacturers, we now want to enable other companies to enter the space by making our deep knowledge, extensive facilities and staff available through the client driven service and technology products we have developed. By lowering the barriers to entry for new players, we aim to help expand the number of companies able to participate in this very important market. This will also help the big players acquire innovations quickly and less expensively.
"Electrification of vehicles is critical to our environment and quality of life and crucial in the battle to reduce greenhouse gases. Leading the development and commercialization of CAM-7 was a challenging but worthwhile journey. Now, transforming CAMX Power to be an enabling company for others to enter and succeed, or expand their present success in this space will be a gratifying next chapter in my long and varied career in socially conscious technologies.”
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.