New York State Energy Research and Development Authority invests in the energy spin-out.
Eonix, an energy storage spin-out of State University of New York (Suny), has secured funding of $250,000 from the New York State Energy Research and Development Authority (Nyserda).
The company, working at Suny’s Polytechnic Institute, will use the funding to advance its research into improving the short-term storage of supercapacitors. The spin-out is working towards a prototype of its energy storage technology which could eventually be used in cars.
The spin-out is based on research by Shane McMahon, Don DeRosa and James Pater. The three inventors are already considering a future pipeline of further applications for the technology, although none of those have been announced yet.
Nyserda typically funds early-stage companies which have proven the validity of their research in the lab. The average amount is $250,000.
Shane McMahon, chief executive at Eonix, said: “This is our generation one product that we have received funding for. It beats the current industry standards, but the current industry standard has been used for the past decade. We are pushing to set the new standards for these electrolytes and ultracapacitors.”
