| |August - 202319E ERGYTech ReviewIn the rapidly evolving world of energy, Selantro is building a sustainable future by revolutionizing energy storage with eco-friendly alternatives to conventional solutions. Driven by a team of passionate scientists and engineers, it is making significant waves in the industry with its innovative approach to overcoming challenges. Conventional energy storage solutions across the globe grapple with reliance on rare and potentially toxic metals. As the demand for energy storage continues to climb, sources of lithium and other metals are shrinking, leading to skyrocketing costs and significant environmental concerns. To this end, Selantro harnesses the power of biomass to create a first-of-its-kind supercapacitor known as Bio-gel EDLC."We are an indigenous Canadian organization, emerged as a beacon of innovation to offer a breakthrough solution that is not only effective but also economical and sustainable," says Éric Ducharme, chief strategy officer at Selantro. Distinctively, the team taps into its secret recipe of naturally-abundant seaweed--red algae--to make the Bio-gel EDLC, a biodegradable, flexible, biocompatible, and non-toxic solution that bypasses the need for rare metals or harmful materials. This environmentally conscious, performance-oriented approach places Selantro at the cutting edge of cleaner energy storage solutions."We keep green transition at the heart of our endeavors. By reducing the overall carbon footprint using our Bio-gel EDLC, we have carved a unique niche in the market," says Martin Reniere, founder & president.After years of dedicated R&D, Selantro has achieved a remarkable milestone in developing the prototype of Bio-gel EDLC. It has garnered significant attention and is protected by a provisional U.S. patent. With this achievement, it solidifies its position as an innovative frontrunner in the industry. It is currently focused on validating the performance of the Bio-gel EDLC prototype, marking a pivotal stage between research and proof-of-concept. The team is diligently working to ensure the prototype meets the necessary industry standards. As the next step, manufacturing and testing is targeted for Q3 2023, in collaboration with C2MI, a center of excellence for research, which serves as a reference in the development and commercialization of components essential to digital technologies. This strategic partnership emphasizes Selantro's commitment to excellence and its readiness to move forward with scaling up production. The company has also established partnerships with universities and labs and is working with Queen's University in Kingston, Canada, to further validate and improve the solution. The journey from the conception of Bio-gel EDLC to realization is a testament to Selantro's agility and innovative spirit. Beyond Bio-gel EDLC, Selantro has shown its broad range of capabilities, working on many other sustainable energy storage solutions. This multipronged approach underlines its adaptability and alacrity to tackle the energy storage problems of the future.Steering ahead, Selantro is set to capitalize on the enormous potential of Bio-gel EDLC in various markets, including electric vehicles, medical, renewable energy, and wearables. Based on a report by MarketsandMarkets, the global supercapacitor market size is estimated to reach $2.3 billion by 2026, growing at a CAGR of 20.7 percent. The indomitable characteristics of Bio-gel EDLC help Selantro create opportunities for rapid market penetration. Selantro stands as an example of how a company can combine sustainability, performance, and innovative design to reshape the energy storage landscape. By addressing the most pressing industry challenges with an eco-friendly solution, the company is not just making a difference today, but paving the way for a greener tomorrow. TOP 10ENERGY STORAGE SOLUTIONS PROVIDERS IN CANADA - 2023SOLUTION PROVIDERS IN APAC 2023Paving the Way for Environmentally Sustainable Energy StorageSelantroWe are an indigenous Canadian organization, emerged as a beacon of innovation to offer a breakthrough solution that is not only effective but also economical and sustainableMartin Reniere,Founder & President
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