DG Innovate PLC Energy Storage Update
13 Noviembre 2024 - 1:00AM
RNS Non-Regulatory
RNS Number : 9787L
DG Innovate PLC
13 November 2024
13 November 2024
DG Innovate
plc
("DG
Innovate", "DGI" or the "Company")
Energy Storage
Update
DG Innovate plc (LSE: DGI), the
advanced research and development company developing pioneering
solutions in sustainable mobility and energy storage, is pleased to
provide an update on recent developments regarding the Company's
energy storage activities. Following the commissioning of a
jet mill and furnace, as announced on 7 February 2024, DGI's
material science team have now developed a range of enhanced hard
carbon anode materials from a variety of novel sustainable
feedstocks.
One of these feedstocks, a
sustainable biowaste material with significant global availability,
has shown particularly attractive properties. A demonstrator
project commenced at the beginning of October 2024 with Swansea
University to produce full cells showcasing this DGI anode
material. The Company is now in discussions with a number of
overseas investment bodies regarding significant potential project
funding to accelerate scale-up workstreams. The Company looks
forward to providing further updates on its sustainable battery
technology in due course.
In addition, an international patent
was published in August 2024 to protect the manufacturing process
of one of the other feedstocks developed through DGI's research.
(Patent: WO2024170916A1·"Method of manufacturing a carbon material
for use as a battery electrode":
https://worldwide.espacenet.com/patent/search/family/085772370/publication/WO2024170916A1?q=WO2024170916A1).
Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate
said: "While a great deal of focus
has been placed on the ongoing commercialisation efforts for our
novel Pareta® e-drive technology, the energy storage team have been
working diligently on sustainable anode materials to disrupt the
current battery supply chain. We are extremely excited by the
potential demonstrated to date and firmly believe that DGI can be
an integral part of delivering greener batteries for the energy
transition."
Commenting, Dr Chris Kavanagh, Head of Energy Storage at DGI,
said: "This patent is the
culmination of years of hard work and collaborations on half a
dozen Innovate UK projects. This has made a name for DGI and
its subsidiaries in the battery sector. We are proud of our
achievements to date and see a promising green future utilising our
novel anode materials."
Enquiries:
DG
innovate plc
Peter Bardenfleth-Hansen
(CEO)
Jack Allardyce (CFO)
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C/O IFC
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IFC
Advisory (Investor Relations)
Tim Metcalfe
Zach Cohen
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020 3934 6630
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Grant Thornton UK LLP (Financial Adviser)
Samantha Harrison
Jamie Barklem
Ciara Donnelly
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020 7383 5100
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END
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