skeleton partners with Shell and invests €220 million to build the world's largest supercondensator factory in Germany

EIT InnoEnergy portfolio company, Skeleton Technologies, announced in October the launch of its SuperBattery and the unveiling of Shell as a partner. Skeleton is joining a Shell-led consortium to offer electrification solutions for mining sites. SuperBattery is an innovative technology combining the characteristics of supercapacitors and batteries. SuperBattery has been developed to serve the needs of several sectors and is currently being used and/or tested in hybrid and fuel cell EVs, buses, trucks, and charging infrastructure.

For the mining sector, decarbonization largely relies upon electrification and renewables, which are the best way to reduce operational emissions. Electrification of heavy-duty applications is both a necessity and a major challenge for the mining industry.

The company also announced in September an investment of €220m euros to build a new factory - slated to be the sector’s largest in Europe - planned by

Siemens, for supercapacitors near Leipzig, Germany, with production to begin in 2024.This follows the news in May 2022 that Skeleton Technologies, had entered into a commercial agreement with ZPUE - the largest manufacturer of electrical devices for electrical power distribution utilities in Poland - to provide energy storage solutions to the Polish market. Skeleton will be supplying supply supercapacitors for rail wayside storage at 200 MW per year from 2023 to 2025.

M ICHAE l kE lln ER

Parliamentary State Secretary for Economic Affairs and Climate Action of Germany

Skeleton’s use of their own patented, curved graphene material strengthens the European energy storage ecosystem and value chain as it is a technology developed in Europe to manufacture energy storage products in Europe.

skeletontech.com