GraphEnergyTech secures £1m funding from Aramco Ventures as it advances graphene electrodes

Proactive - Interviews for investors

GraphEnergyTech CEO Dr Thomas Baumeler takes Proactive's Stephen Gunnion through the potential for the company's high-conductivity graphene electrodes. GraphEnergyTech, a Frontier IP Group PLC (AIM:FIPP) portfolio company, has raised £1 million through its first external equity funding round led by Aramco Ventures. Baumeler discussed how this funding reflects confidence in the company's potential rather than just its technology. The funds will be used to acquire independent equipment, upscale production, and further develop their cutting-edge graphene-based electrodes. Baumeler highlighted that GraphEnergyTech's nonmetallic electrodes are significantly cheaper and more sustainable than traditional metallic alternatives like silver. This innovation aims to address the impending shortage of silver used in solar panels by 2050, emphasising the urgent need for sustainable alternatives. GraphEnergyTech is focusing on solar applications initially but sees vast potential in other areas such as batteries and printed electronics. Baumeler shared that the company has already garnered interest from major solar manufacturers and emerging startups, underscoring the market's enthusiasm for their technology. "We want to replace metallic electrodes, especially in solar, but also in batteries and printed electronics over time," said Baumeler. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #GraphEnergyTech #SolarEnergy #GrapheneTechnology #SustainableTech #CleanEnergy #RenewableEnergy #Innovation #GreenTech #EquityFunding #ProactiveInvestors #AramcoVentures #SolarPanels #BatteryTech #PrintedElectronics #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews