KELOWNA, BC, April 7, 2015 /PRNewswire/ - SUNVAULT ENERGY INC.
("Sunvault") ("the Company") (SVLT) was recently at the Wall Street
Conference in Miami Florida where
CEO Gary Monaghan and Sunvault
Director Governor Bill Richardson
addressed the audience on recent company developments.
At the conference, the Company presented a 1000 farad graphene
supercapacitor – the largest graphene supercapacitor developed to
date and a technology that will in short order compete with, if not
potentially replace the lithium battery in the future. The 1000
farad graphene supercapacitor was created through one of Sunvault's
Joint Venture Companies', Supervault Energy, a 50/50 JV between
Sunvault Energy and Nanotech Energy Inc.
At the conference CEO Gary
Monaghan was quoted as follows: "Currently the cost to
manufacture a lithium battery is about $500 (USD) per/ kWh. Tesla recently announced a
Super Factory to be built in Nevada, with a promise to get the price of
lithium batteries down to $150 USD
per kWh by 2020, our current cost estimated for this type of
graphene base supercapacitor is about $100 per kWh today and we feel confident we
should be able to cut this pricing in half by the end of 2015"
"Graphene based Supercapacitors are carbon based, and form no
toxicity threat to the environment, unlike the lithium battery"
stated Gary Monaghan. There is ample
supply of graphene or elements to make graphene, while Lithium
supplies are dwindling" he continued.
At the conference the Company displayed the ability to 3D print
device parts, which can significantly reduce manufacturing costs.
The ability to wire these devices together results in a unit that
would be approximately the size of a computer tower that would be
able to store enough energy to power a home. This would work in
conjunction with Sunvault's planned stand up solar appliance for
power generation that would be slightly larger than an air
conditioning unit, and could supply the much publicized, "home off
the grid" potential of the future, announced recently by others.
The Company believes its Solar appliance device plans far surpasses
the "roof full of solar panel approach" for ease of entry and
removes the barrier to entry that potentially resides in most
consumers' minds; because of the construction project approach they
currently face for deployed solar.
The ability to fast charge devices with pseudo/Supercapacitor
units versus a slower energy release of lithium Ion batteries will
impact the smart phone, electric car, power grid stabilization and
home off the grid markets. In layman terms - A smart phone
that will be charged in under a minute and an electric car can both
be powered by the graphene pseudo/supercapacitor that can fast
charge more rapidly than any battery and effectively last a life
time, will significantly change the landscape of the future. In
every decade there is some breakthrough technology that will
significantly impact the world and its future, Sunvault believes
for "this decade that breakthrough is graphene and all of its
potential uses".
The Company is also looking at other Joint Venture opportunities
for the deployment of Graphene base heating and power storage
systems, and has started to look for areas to set up manufacturing
for products that are ready to go to market.
The following video outlines some of how graphene can impact the
world going forward: click-VIDEO
About Sunvault Energy Inc.
Sunvault Energy Inc. is committed to bringing cost effective
energy generation and energy storage to the solar industry through
a seamless and novel integration of energy generation and storage.
This technical approach is a first and has the potential to enable
the lowest overall system cost at maximum efficiency. SunVault has
further diversified by acquiring companies or assets that are
immediately accretive and that will facilitate into the owning of
quality non-cyclical assets.
For more information, visit the Sunvault Energy website at
http://www.sunvaultenergy.com/ and/or
question@sunvaultenergy.com.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this news release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, that
working with Universities will expedite Sunvault technology into
real world applications, the ability to reduce the required
footprint and cost associated to traditional solar energy
generation, collection and storage, or that the technology has the
potential to revolutionize how solar energy is generated, stored
and utilized.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, general economic conditions, our ability to
achieve the expected benefits from the development agreement. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this news release are reasonable, there can
be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K
for the most recent fiscal year, our quarterly reports on Form 10-Q
and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
SOURCE Sunvault Energy Inc.
