SOURCE: BASF Corporation

BASF Corporation

BASF Corporation

November 18, 2014 12:15 ET

EnerG2 and BASF Announce Multifaceted Partnership

Innovative Energy Storage Materials Pioneer and the World's Leading Chemical Company Collaborate to Enrich R&D, Expand Capacity, and Extend Global Presence for Advanced Carbon Materials for Energy Storage

SEATTLE, WA and FLORHAM PARK, NJ--(Marketwired - Nov 18, 2014) - EnerG2, a Seattle-based company manufacturing advanced carbon materials for next-generation energy storage devices, and BASF, the world's leading chemical company, today announced a strategic partnership. EnerG2 and BASF entered into a comprehensive collaboration to improve and scale-up the production of EnerG2's proprietary carbon materials for use in supercapacitor electrodes and as a performance additive in start-stop lead-acid batteries. Both technologies play an important role in short-term energy storage for automotive and industrial applications.

Engineered carbons enhance storage performance by providing higher voltage and energy in supercapacitors and by significantly increasing the charging rate of lead-acid batteries at a partial-state-of-charge. EnerG2's patented carbon technology platform enables large-scale production of carbon materials that surpass the limitations of the carbons traditionally used in energy storage. Controlling the molecular structure and synthesis of these advanced materials at early stages of production provides the ability to tailor the carbon properties to specific applications. This unique manufacturing process results in ultra-high purity material with customizable porosity.

BASF is providing funding, technical expertise, and marketing know-how in a partnership with EnerG2 to enrich its R&D initiatives and to accelerate its market penetration. "This alliance optimally blends EnerG2's innovation and responsiveness with BASF's stability and an unquestionable ability to scale. We will use the funding not only to bolster our operational capacity but also to explore market opportunities with BASF," explains Rick Luebbe, CEO of EnerG2. EnerG2's technology platform complements the in-house activities of BASF's research and development as well as BASF's global business unit for battery materials. Energy storage materials are an essential part of BASF's strategy to enable electromobility. Furthermore, EnerG2 will also work closely with BASF to broaden its global reach, particularly in Asia and Europe. 

"We deeply appreciate BASF's strong belief in our company's energy storage vision and in the role that we can play together in the energy storage industry," says Rick Luebbe. "This strategic partnership will be a game-changer: it will enable us to continue serving our customers with the highest purity and highest performing carbon products, but now with the participation of a truly global player. We look forward to exploring a host of additional opportunities with BASF as we deepen our relationship over the coming months and years."

"BASF recognizes the crucial role that carbon materials play in many energy storage devices," explains Dr. Stefan Blank, Managing Director at BASF New Business GmbH. "EnerG2 has outstanding competencies in this field. We know that by partnering with EnerG2 we can and will have a long-term and meaningful role in this emerging and fast-growing global market."

About EnerG2

EnerG2 has developed a unique approach that engineers the molecular structure of a polymer precursor in order to customize the nanostructure, and, therefore, the performance of the resulting carbon. EnerG2's proprietary Carbon Technology Platform has two key components: polymer- chemistry-based precursor formulation and processing parameters that transform that precursor into customized carbon. The combination of these elements results in a flexible, competitive process that can produce carbon materials for diverse energy storage applications. EnerG2 operates its state-of-the art manufacturing plant in Albany, Oregon. The inherent scale advantages of the Carbon Technology Platform allow EnerG2 to produce best-in-class carbons. The facility is both ISO-9001:2008 (Quality Management System) and ISO 14001:2004 (Environmental Management System) certified. Further information on EnerG2 is available at www.EnerG2.com

About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,000 employees in North America, and had sales of $19.3 billion in 2013. For more information about BASF's North American operations, visit www.basf.us.

At BASF, we create chemistry -- and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.

Contact Information

  • Media Inquiries:

    EnerG2 Contact:
    Steven Gottlieb
    Tel: +1 206-427-9591
    Email: Email Contact

    BASF New Business GmbH Contact:
    Vanessa Holzhauser
    Tel.: +49 1520 9375862
    Email: Email Contact