Skeleton Technologies and Sumitomo Corporation Europe sign energy storage agreement

By Sophie Chapman
One of Europe’s leading ultracapacitor manufacturers, Skelton Technologies, has assigned a distribution agreement with Sumitomo Corporation...

One of Europe’s leading ultracapacitor manufacturers, Skelton Technologies, has assigned a distribution agreement with Sumitomo Corporation Europe.

The agreement aims to provide energy storage solutions to the hybrid electric and electric vehicle industry.

An ultracapacitor is a high-power energy storage device that has a recharge time of 2-3 seconds and over one million life cycles.

The two companies believe that ultracapacitors will bridge a gap in hybridisation and electrification efforts within the automotive sector.

SEE ALSO:

They have the ability to reduce CO2 emissions as well as increase performance and be cost-effective for manufacturers.

“We are excited to announce the agreement with Sumitomo Corporation Europe, it was a natural fit from the start,” commented Taavi Madiberk, CEO of Skeleton Technologies.

“Sumitomo´s world-class distribution network and technical expertise in electrification enable us to expand our footprint in the automotive sector and tap into the company’s relationships with key players in the transportation industry.”

“Ultracapacitors play an important role for high power applications in the transportation sector. Skeleton’s revolutionary technology has the potential to drive this industry forward and ensure that both manufacturers and customers alike, can reap the benefits of a hybrid approach to battery technology,” reported Hidenori Eto, General Manager of Sumitomo Corporation Europe’s Warsaw office.

“We are looking forward to working with Skeleton Technologies and supporting them in growing the business.”

Share

Featured Articles

Data Centre Demand Putting Pressure on Energy Capabilities

Utilities in the US are predicting a tidal wave of demand for data centres thanks to the boom of AI, which, in turn, will dial up the need for electricity

Q&A with Hitachi Energy’s EVP & Head of North America

Anthony Allard, who heads up Hitachi Energy as Executive Vice President and Head of North America, shares why the grid is holding us back from clean energy

OMV Takes Strides in Energy Efficiency & Emissions Reduction

Austrian multinational integrated oil, gas & petrochemical company OMV continues its sustainability mission, and reports Scope 1 & 2 emissions are down 25%

Q&A with RAIN Alliance President and CEO Aileen Ryan

Technology & AI

Who is Greg Joiner, the new Head of Shell Energy?

Oil & Gas

Watershed Workshop at Sustainability LIVE: Net Zero

Sustainability