The "Ultra Fast Carbon Battery" is based on vertically aligned carbon nanotubes with a specially developed coating and an electrolyte. As a result, the energy storage mechanism straddles the purely electrostatic behaviour of traditional ultracapacitors and the purely chemical reactions of lithium batteries, enhancing the battery’s capacity. The battery also charges and discharges in seconds and is stable for over a million cycles. Standard lithium-ion batteries typically take minutes, even hours to charge and are limited to around 5000 cycles.

"With our new Ultra Fast Carbon Battery, we have combined the best nanotechnology with the best clean technology," says Pascal Boulanger, COO of NAWA Technologies. Production of the battery has been achieved by means of a pioneering nano-manufacturing process that enables low-volume production, while minimizing environmental impact and ensuring all products have a second life and are recyclable.

"The world is becoming increasingly electrified and we see several markets open to NAWA Technologies," adds Boulanger, citing power tools and electric bikes as likely sectors to break into. He suggests that the NAWA batteries combined with lithium-ion technology could be used to accelerate electric or hybrid cars as well.

The company also announce that Ulrik Grape will be joining the company as CEO. Grape previously worked with Californian solid-state lithium-ion battery start-up SEEO and was CEO for EnerDel, one of the early leaders in lithium-ion batteries for automotive applications with customers such as Volvo Cars, Think and VanHool. Attracted by the potential of the ultracapacitor technology NAWA Technologies has developed combined with a proprietary manufacturing process that he feels will make the technology highly competitive in the energy storage space, he says, "Pascal and the company’s strong team of engineers have driven the technology to a market-ready product and I am excited to join this team and drive it to market entry and commercial success."