On March 27th, EEStor released the following:
EESTOR ANNOUNCES HIGH VOLTAGE HIGH PERMITTIVITY DIELECTRIC, COMPLETED MILLION CYCLE TESTING AND INITIAL ENERGY DENSITY RESULTS see
http://eestorcorp.com/release_march-27-2017.htmlThe punch line from the recent press release is as follows: With the sky high permittivty of 16000 already 3rd party verified, EEStor intends to prove in the coming weeks that they can manufacture a cost effective ~100 Wh/L (similar to lead acid) super battery technology
capable of generating MANY TENS of BILLIONS in sales per year in a variety of important storage applications. (The lead acid market alone is projected to be ~$60B by ~2020 - see
http://www.marketwatch.com/story/global-lead-acid-battery-market-worth-us-5855-bn-by-2020---persistence-market-research-2017-01-05-62032228)
100 Wh/L in a solid state device is completely unheard of - it's more than 10 times what is available on the market today. And this is just the beginning as 100 Wh/L is only EEStor's
initial obtainable target.
They expect in the coming months to be able to demonstrate 400 Wh/L (similar to lithium ion) and possibly even higher.
Along with now achieving high energy densities, EEStor's technology (unlike all chemical batteries) has the following advantages that will allow it to
dominate various energy storage markets:
- it is a robust solid state technology.
- it can charge and discharge extremely quickly (high power and convenience).
- it can charge at least 1 million times without degradation (a battery you can pass down to your kids)
- it can fully charge and fully discharge without any degradation.
- it is made of non-toxic materials.
- it is non-flammable.
- it is low cost.
Furthermore, this technology that EEStor has developed is not just a lab bench experiment. It is completely
production ready technology that is
easily scalable. They have a highly automated production line in their facility in Cedar Park, TX and I recently got to see it with my own eyes this past week after I attended EEStor's AGM where I talked to EEStor management, directors and other investors. I have come to know some of the people at EEStor over the years and I trust them. Their current level of confidence and enthusiasm is quite palpable.
EEStor is currently negotiating with global electronics manufactures and is intending to license out the technology to the highest bidder(s) or could be bought out completely under the right circumstances. In the meantime, EEStor intends to put out more impressive 3rd party testing reports in the coming weeks and months.