Skeleton Technologies and Sumitomo Corporation Europe sign agreement to distribute graphene-based supercapacitors

Skeleton Technologies has announced the signing of a distribution agreement with Sumitomo Corporation Europe, with the aim of providing energy storage solutions for the rapidly growing hybrid electric and electric vehicle industry.

In electric vehicles, graphene-based supercapacitors can be used in tandem with lithium-ion batteries, doubling the battery lifetime and downsizing the cell receiving the peak power from supercapacitors and the long-term energy from the batteries.

We are excited to announce the agreement with Sumitomo Corporation Europe, it was a natural fit from the start. Sumitomo´s world-class distribution network and technical expertise in electrification enable us to expand our footprint in the automotive sector and tap into the company’s relationships with key players in the transportation industry, commented Taavi Madiberk, CEO of Skeleton Technologies.

Ultracapacitors play an important role for high power applications in the transportation sector. Skeleton’s revolutionary technology has the potential to drive this industry forward and ensure that both manufacturers and customers alike, can reap the benefits of a hybrid approach to battery technology. We are looking forward to working with Skeleton Technologies and supporting them in growing the business, commented Hidenori Eto, GM of Warsaw office of Sumitomo Corporation Europe Limited.