Breakthrough Energy Cell Captures Vibration To Produce Electricity

The CEGT announced today that it will invest $125,000 in the new entity, Kinergi Pty Ltd, formed to commercialise the Kinetic Energy Cell, and up to $1 million in the future. According to the Managing Director of CEGT, Jan Dekker, the creation of the new cell will open up the market for commercial and domestic applications.

Mr Dekker said the Kinetic Energy Cell can also be combined with a battery or a small supercapacitor to store the energy produced, allowing power to be available during inactive periods when the cell is not in operation.

The Kinetic Energy Cell can be used in applications such as vehicle tolling and shipping container electronic identification devices and can remove the need for a replaceable battery, he said, which means that the devices can operate indefinitely without the need to be opened up or returned to base. The cell unit can be completely sealed which makes it suitable for harsh operating conditions.

Mr Dekker said that the CEGT was excited to be part of a project with the potential to provide a compact renewable energy source for a wide array of practical applications.

David Eastwood, Investment Director for Information City Australia said "We are investing in the Kinetic Energy Cell because we see it as a leading edge Australian technology that has serious potential offshore, across many markets and applications.

"We believe parallel developments in both microelectronics and the Kinetic Energy Cell devices themselves will combine to open up a wide range of new applications in future. We have structured a joint financing arrangement with CEGT and Allen & Buckeridge's Emerging Technology Fund to give the Kinetic Energy Cell the right financial platform to develop and get to market, and to assemble a team of backers that adds real value over and above the financing alone."

CEGT is a private company established as an initiative of the Victorian Government to invest in the development and demonstration of new sustainable energy and greenhouse gas reduction technologies.

http:// www.cegt.com.au