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The
Promise One company clearly
stood out in that list, for if it could indeed deliver what was being
claimed it would become the biggest disruptor of them all. Here was a
product which could kill companies, industries and potentially entire
economies - that was the scale of its disruptive potential. That company
was EEStor, and the product, a battery.
The Promise
The buzz was that EEStor, Inc, a secretive Texas-based company, could
deliver a battery based on ultra-capacitor technology that in
out-performing any battery that existed today would present electricity
storage solutions that would in one stroke make a variety of alternate
energy solutions suddenly very viable - an ultra efficient and
long-lasting battery would make wind and solar power plants very viable,
as the vagaries of production would be ironed out - even at the level of
individual homes. You would see electric cars able to compete with
IC-engine cars favorably in terms of range and recharge times. We would
at once see a big churn in two of the biggest industries of our time -
oil and automobiles. The possibilities of course are endless.
So what exactly is the claim? Sample this, "EEStor’s products, to be
known as Electrical Energy Storage Units [EESU], will start coming off a
production line this year. The first EESU will be a 45 kg unit that
gives a car a 350 km range and can be recharged in under ten minutes. In
comparison with petrofuels, a EESU cars’s running cost will be 80%
cheaper." And this, "The company boldly claims that its system, a kind
of battery-ultracapacitor hybrid based on barium-titanate powders, will
dramatically outperform the best lithium-ion batteries on the market in
terms of energy density, price, charge time, and safety. Pound for
pound, it will also pack 10 times the punch of lead-acid batteries at
half the cost and without the need for toxic materials or chemicals,
according to the company."
The Technology
Though capacitor-based batteries are not new, they have never been able
to hold as much energy as electrochemical batteries of the same size.
They would also discharge rather quickly, unable to hold the charge for
long. On the plus side, they can store and release most of the energy
with minimum losses, which means they are very efficient. They can also
be charged very quickly. While this has ensured that they have their set
of unique applications, they could never be used, say, to power electric
cars.
The Skeptics
Because EEStor is so secretive, most of the latest news on the product
has either come via the patent office, or the electric car company which
currently has an exclusive deal to use their batteries. And because the
company is quiet, there are a lot of unanswered questions out there. Do
check out the comments section of this article for instance. Skeptics
include a VP from Maxwell Technologies, which has been making
ultra-capacitor batteries for a while now, though nothing close to the
specs needed to compete with lead acid or lithium ion batteries. On its
part, EEStor claims that releasing information would result in giving
away a competitive advantage.
The Supporters
On the one hand we have ZENN a Toronto-based electric car-maker, who are
planning to release a car based on the EEStor battery as early as this
year. That is a vote of confidence from the consumer community. On the
other hand we have hotshot venture capitalists Kleiner Perkins Caufield
& Byers, who had invested in EEStor back in 2005. Kleiner has a
well-known early investment track record in companies like Google and
Amazon.
Finally it makes sense to respect the bite of a dog that does not bark
much.
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