Skeleton Technologies and Sumitomo Corporation Europe sign energy storage agreement
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.
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.”
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.