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Graphene Manufacturing Group Ltd V.GMG

Alternate Symbol(s):  GMGMF | V.GMG.WT.A

Graphene Manufacturing Group Limited is a clean-technology company. The Company seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. It has developed a proprietary production process to decompose natural gas (methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces scalable, tunable and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company focus to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, it has focused on graphene enhanced heating, ventilation, and air conditioning (HVAC-R) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, the Company and the University of Queensland are working to progress research and development and commercialization of G+AI batteries.


TSXV:GMG - Post by User

Post by howestreetbullon Apr 22, 2021 3:37pm
182 Views
Post# 33048421

UQ battery breakthrough

UQ battery breakthrough

UQ battery breakthrough would mean cars, phones charging 70 times faster

BUSINESS

 

A rechargeable battery that has significant benefits over lithium-ion has been developed by the University of Queensland.

 

The university has teamed up with the Graphene Manufacturing Group, a Brisbane company listed on the TSX Venture exchange in Canada, to manufacture aluminium ion battery prototypes for use in consumer goods like watches, phones, cars and laptops as well as for grid storage. This would occur under a research agreement with scientists from UQ’s Australian Institute for Bioengineering and Nanotechnology.

Graphene Manufacturing is a clean-technology company that has developed and proved its own proprietary production process to manufacture graphene powder.

GMG has described the batteries as a step-change in the performance of aluminium-ion.

The aluminium ion batteries charge up to 70 times faster, had a more efficient and longer life and were more sustainable than lithium-ion.

It joins a handful of other Brisbane companies that were pushing into the battery market. PPK Group is in a joint venture with Deakin to develop lithium-sulphur batteries while Vecco Group recently announced a deal with Shanghai Electric to develop a manufacturing plant in Brisbane for vanadium batteries to be used in large scale energy storage.

UQ’s Professor Michael Yu, Dr Xiaodan Huang and postdoctoral student Yueqi Kong devised technology to make graphene into more efficient electrodes for powering batteries, which has been patented and licensed by UQ commercialisation company, UniQuest.

AIBN director Professor Alan Rowan said UQ was delighted to partner with GMG to translate scientific ideas into commercial solutions through the development of more efficient and greener batteries.

“After several years of dedicated research into improving the aluminium ion battery, we are excited to be at the phase of developing commercial prototypes for more sustainable, faster-charging batteries,” Rowan said.

“Testing showed rechargeable graphene aluminium ion batteries had a battery life of up to three times that of current leading lithium-ion batteries, and higher power density meant they charged up to 70 times faster.”

“The batteries are rechargeable for a larger number of cycles without deteriorating performance and are easier to recycle, reducing potential for harmful metals to leak into the environment.”

UniQuest CEO Dr Dean Moss said the aluminium ion battery with graphene electrodes could transform the existing rechargeable battery market, dominated by lithium ion.

“Lithium-ion batteries demand the extraction of rare earth materials using large amounts of water and are processed with chemicals that can potentially harm the environment,” he said.

“This project has real potential to provide the market with a more environmentally friendly and efficient alternative.”

GMG Head Scientist Dr Ashok Nanjundan said the project could deliver far-reaching benefits for energy storage, while the batteries were also safer because they do not use lithium, which had been known to cause fires in some mobile phones.

“This project is a great example of academia and business working together,” he said.

“The current recyclability of batteries is highly problematic due to their chemical properties and the stockpiling of dead batteries presents a large and looming environmental and public safety concern.”

GMG CEO Mr Craig Nicol said to use local raw materials to manufacture battery cells at a competitive cost to replace imported lithium-ion cells is a massive opportunity for GMG and Australia to reduce supply chain risks and create local jobs.

“We’re excited about developing the commercial prototypes followed by initial production here in Australia – at a location yet to be determined” he said.

UQ’s research team was awarded $390,000 over three years to develop the graphene aluminium ion technology from the Australian Research Council’s Linkage Project in 2020.
https://inqld.com.au/business/2021/04/22/uq-battery-breakthrough-would-mean-cars-charging-70-times-faster/

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