SOURCE: BioSolar, Inc

December 03, 2014 03:01 ET

BioSolar Sets Record With Low Cost Energy Storage Supercapacitor

The Company's BioSuperCap Technology Has Demonstrated Stability for Over 50,000 Charge-Discharge Cycles -- More Than 10 Times Better Than Ever Reported for Polymer-Hybrid Supercapacitors

SANTA CLARITA, CA--(Marketwired - Dec 3, 2014) - BioSolar, Inc. (OTCQB: BSRC), producer of innovative bio-based solar energy products and developer of a breakthrough supercapacitor technology, recently announced record performance for its low cost energy storage supercapacitor.

BioSuperCap, a next generation supercapacitor based on inexpensive conducting polymers designed to reduce the cost of storing the energy of the sun, has demonstrated stability for over 50,000 charge-discharge cycles, which is more than 10 times better than ever reported.

At the Supercapacitors USA Conference 2014 at Santa Clara, California held during the week of November 19, 2014, Dr. David Vonlanthen, a lead inventor of the technology and the company's scientific advisor, gave a presentation describing the company's current development efforts.

"We have shown that conducting polymers can be successfully employed for stable, high-performance supercapacitors," Dr. Vonlanthen said. "We fully demonstrated for the first time that the combination of polymers and redox-electrolytes yield supercapacitors that are inherently stable. The technology shows a stable performance over 50,000 charge-discharge cycles, which is more than 10 times better than ever reported for any previous polymer-hybrid supercapacitor designs. Conducting polymers are very promising materials for low-cost supercapacitors, as they are extremely cheap, easy to process, and highly conductive."

Dr. David Lee, the company's CEO said, "Our eventual objective is to build a new generation of low cost polymer-based supercapacitors employing interpenetrating polymer-networks to give stable polymer-electrodes with very high charge-storage capacity."

Supercapacitors are high power and rapid charge-discharge energy storage devices. By integrating BioSuperCap as the front-end to battery banks, fewer batteries can be used, and daytime solar energy can be quickly and cost-effectively stored for nighttime use at a substantially lower cost. This potentially game-changing technology will allow users of solar energy systems to reduce their dependence or go completely off the electric utility power grid.

BioSolar co-owns the patent-application for this supercapacitor technology with the University of California at Santa Barbara ("UCSB"), and is currently funding a sponsored research program to further its development.

About BioSolar, Inc. 
BioSolar, producer of innovative bio-based solar energy products, is currently developing a breakthrough supercapacitor technology for reducing the cost of storing the energy of the sun. Existing battery technologies, such as lithium-ion batteries, are good for longer-term energy storage, but cannot be charged or discharged rapidly. This characteristic limits the use of batteries for power backup applications. Inspired by nature, BioSolar is developing a low cost polymer based supercapacitor that can be charged and discharged hundreds of times faster than batteries, and will complement batteries for the storage of solar energy. By integrating BioSolar supercapacitors as the high power frontend to battery banks, with fewer battery banks than would ordinarily be required, daytime solar energy can be quickly and cost-effectively stored for nighttime use at a substantially lower cost. This potentially game-changing technology will allow users of solar energy systems to reduce their dependence or go completely off the electric utility power grid. To learn more about BioSolar, please visit our website at http://www.biosolar.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

  • Investor Relations Contact:
    Tom Becker
    BioSolar, Inc.
    Email Contact
    (877) 904-3733