EnerG2 aims to improve ultracapacitors for electric cars, industry
EnerG2 Inc., an ultracapacitor startup that has kept quiet until now, is launching today with the official announcement that it has raised $8.5 million in its first round of financing. Founded in 2003, it has spent five years developing electrode materials that it claims can boost the performance of ultracapacitors, devices that are useful in electric cars and smaller electronic devices.
Unlike batteries, which store electricity chemically, ultracapacitors store energy as electrical fields and physically separate the… Continue Reading