16 October 2024
CAP-XX
Limited
("CAP-XX" or "the
Company")
Contract
win
The Board of CAP-XX Limited, a world
leader in the design and manufacture of thin, prismatic
supercapacitors and energy management systems, is pleased to
announce that the Company has signed a contract (the "Contract") with a new customer in the
smart meter sector in South Africa (the "Customer"). CAP-XX was selected by the
Customer for the Contract following a successful design-in
project.
The Customer will incorporate
CAP-XX's supercapacitors in their smart meter products which will
then be distributed to the Customer's end customers to measure
their gas and electricity usage. The Contract is for an initial 12
month period, with the majority of revenue from the Contract being
expected to be recognised in the current financial year, being the
year ending 30 June 2025. The Company anticipates that the Contract
will lead to further orders from this Customer over the coming
years as additional smart meter products are required for general
maintenance of the product and from an increase in the number of
end use customers.
The
role of supercapacitors in the smart meter
industry
The global smart meter market is
experiencing significant growth, driven by the need for efficient
energy management, government initiatives promoting smart grids,
and the global transition to sustainable energy solutions. Smart
meters, which monitor electricity, gas and water consumption in
real time, enable both consumers and utilities to optimise energy
use, reduce inefficiencies and improve overall grid reliability.
This growth in smart metering systems is creating opportunities for
advanced energy storage technologies using
supercapacitors.
Supercapacitors, known for their
high-power density, rapid charge-discharge capabilities and long
operational lifetimes, are increasingly being integrated into smart
meters to enhance performance and reliability. Their primary role
in smart meters is to provide backup power during short outages or
grid fluctuations. This ensures continuous data transmission and
uninterrupted functionality, which is crucial for accurate
monitoring and billing in smart grids. Supercapacitors also
outperform traditional batteries in terms of longevity, with the
ability to withstand a much larger number of charge-discharge
cycles, making them a durable and efficient solution for the smart
meter industry(1)(2).
Supercapacitors with higher energy
densities offer additional advantages in high-demand applications,
such as real-time data communication and emergency backup systems.
By ensuring that smart meters continue to operate during power
interruptions, supercapacitors support seamless data collection and
storage until the grid is restored (3). Their ability to
function in a wide range of temperatures also makes them ideal for
smart meters installed in diverse environmental
conditions.
The market for supercapacitors in
smart meters is expanding alongside the growth of smart grid
infrastructure. As utilities increasingly focus on improving grid
reliability and energy efficiency, the integration of
supercapacitors in smart meters should become more prevalent,
contributing to the broader adoption of smart metering systems
worldwide.
Market size and growth
According to market research, the
global supercapacitor market was valued at approximately USD 4.2
billion in 2022 and is projected to grow at a compound annual
growth rate (CAGR) of approximately 23% from 2023 to
2030(4). Although smart meters represent a niche within
this larger market, the demand for supercapacitors in this segment
is rising due to increased investment in smart grid technologies,
especially in North America and Europe, where energy infrastructure
modernisation is a key focus(5).
The global smart meter market, which
is expected to reach USD 19.98 billion by 2025, will likely see
growing integration of supercapacitors as utilities and governments
prioritise the development of efficient, resilient energy
management system(6). This trend highlights the crucial
role of supercapacitors and ultracapacitors in supporting the
future of smart energy infrastructure.
References:
(1)
Yadav, P., & Sonawane, M. (2020). "Application of
Supercapacitors in Smart Metering System for Uninterrupted Power
Supply." International Journal of Engineering Research &
Technology (IJERT).
(2)
Market Research Future (MRFR). "Supercapacitors Market Research
Report - Global Forecast 2023."
(3)
Samura, R. (2021). "The Role of Ultracapacitors in Smart Meters and
Smart Grid Technology." Energy Storage News.
(4)
Grand View Research. (2023). "Supercapacitors Market Size, Share
& Trends Analysis Report By Product, By Application, By Region,
And Segment Forecasts, 2023 - 2030."
(5)
Mordor Intelligence. (2023). "Smart Meter Market - Growth, Trends,
COVID-19 Impact, and Forecasts (2023 - 2028)."
(6)
Research and Markets. (2022). "Global Smart Meter Market - Forecast
to 2025."
For
further information contact:
CAP-XX Limited
Pat Elliott
(Chairman)
+61 (2) 9157 0000
Lars Stegmann (Chief Executive
Officer)
Allenby Capital (Nominated Adviser and Joint
Broker)
David Hart / Piers Shimwell
(Corporate Finance) +44
(0) 20 3328 5656
Tony Quirke / Stefano Aquilino
(Sales and Corporate Broking)
Notes to Editors:
About CAP-XX
CAP-XX (LSE: CPX) is a leader in the
design and manufacture of thin, flat supercapacitors and energy
management systems used in portable and small-scale electronic
devices, and to an increasing extent, in larger applications such
as automotive and renewable energy. The unique feature of CAP-XX
supercapacitors is their very high-power density and high energy
storage capacity in a space-efficient prismatic package. These
attributes are essential in power-hungry consumer and industrial
electronics and deliver similar benefits in automotive and other
transportation applications.
For more information about CAP-XX,
visit www.cap-xx.com
