The Canadian power storage company, which works with graphene technology developed by UCLA, claims its resultant super-super capacitor enables power generation, transfer and storage within one unit.
Three months ago, Sunvault signed a letter of intent with U.S.-headquartered Edison Power to sell energy in deregulated markets, starting with Alberta, using the Canadian company’s technology as a grid stabilization tool.
The latest approach from Edison envisions combining Sunvault solar power generation technology with Edison Energy Storage tech.
Sunvault also claims its energy storage technology enables the super-fast charging of smartphones and electric vehicles (EV).
According to the Marketwired report, Sunvault is now considering the proposal.