BASF Venture Capital America has acquired EnerG2, a manufacturer of advanced carbon materials for next-generation energy storage devices. The two entities have had a strategic partnership since 2014. Financial details of the transaction have not been disclosed.
“Under BASF’s roof, EnerG2 will continue to develop innovative, high-performance materials,” says Dr Guido Voit, Managing Director of BASF Venture Capital America Inc. “Combining the strengths of both companies unlocks the full potential of EnerG2’s engineered carbons and allows us to grow the business further.”
Engineered carbons enhance storage performance by allowing for higher voltage and energy in supercapacitors and by significantly increasing the durability 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. It allows battery producers to tailor the carbon properties to specific applications in automotive and industrial applications.
“Our strategic partnership with BASF over the past years has led to technological advancements and commercial success,” says Rick Luebbe, co-founder and CEO of EnerG2. “As members of the BASF team, we have the opportunity to expand our operations to support customers on a global scale.”
EnerG2 has offices and laboratories in Seattle, Washington, and a production site in Albany, Oregon.
