Saratoga Energy — whose breakthrough process for synthesizing graphite from carbon dioxide could revolutionize lithium-ion battery production — has won a million-dollar Phase II Small Business Innovation Research grant from the US Department of Energy to help commercialize its innovation.
Global consumption of natural graphite has increased from approximately 600,000 tonnes in 2000 to roughly 1.1 million tonnes in 2011. Demand for graphite has been increasing by approximately 5 % per year since 2000.
In addition to offering sustainable sourcing and cost benefits, Saratoga Energy’s graphite also has performance advantages. Graphite made with its patented process can charge and discharge more quickly, making it ideal for electric vehicle customers.
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