Tuesday, May 15, 2012

EEstor Claims Progress On Technology

Cedar Park-based EEStor, the developer of high density, ultra-capacitors used for energy storage, said Tuesday that it is continuing to make progress on its technology The firm said it has been working on development of single layer Electrical Energy Storage Units (EESUs) as a step toward full commercial units at the firm, claiming that it has made "major progress" in its efforts to commercialize its technology. EEstor has been working on its technology for years--it first raised funding back in 2005 from Kleiner Perkins--but has yet to demonstrate its technology in public.