Versarien's subsidiary Gnanomat awarded EUR 0.8 million grant to advance graphene-based energy storage device
Versarien has announced that its 90%-owned subsidiary Gnanomat has been awarded a €0.8 million (around USD$840,000) grant to support a two-year project focused on next-generation energy storage devices.
Versarien said that the grant was expected to be received in a single payment before the end of 2024. It said the funding would cover 70% of Gnanomat's anticipated costs for the development of GnanoCaps, an energy storage device leveraging the company's proprietary hybrid nanomaterials platform. GnanoCaps was designed to combine the high power and rapid recharge capabilities of supercapacitors with improved energy delivery, enhanced safety, and the use of clean electrolytes, eliminating explosion risks associated with lithium-ion batteries.