Skeleton Technologies hires former GM technical fellow Scott Jorgensen

Ultracapacitor start-up firm Skeleton Technologies announced the appointment of former General Motors technical fellow Scott Jorgensen as a board adviser on 23 January.

The company says the appointment reflects its focus on the hybrid and electric vehicle market and bid to win market share for curved graphene ultracapacitors in this market.

Jorgensen said the company believed the near-term focus would be on 12V and 48V hybrid vehicles.

“Currently there are five million vehicles worldwide with ultracapacitors on the roads. Having tested curved graphene ultracapacitors I firmly believe there is a strong potential for market growth,” he said.

“Naturally, the automotive market is the next step in our company road map,” said president and CEO Taavi Madiberk. “With Dr. Jorgensen’s in-depth understanding of both automotive and clean energy sectors, we will accelerate the company’s path to become a global market leader in providing ultracapacitors and energy saving modules for the automotive industry.

“In addition to automotive, we have successfully entered the bus and truck market, as well as grid and renewable energies and industrial equipment markets. Ultracapacitors are used across all these industries. In 2017, what is believed to be the world’s first rigid truck to utilize motor racing-style Kinetic Energy Recovery System (KERS) regenerative braking technology was installed by UK vehicle conversion specialists Alternatech, which works alongside hybrid technology specialists Adgero and Skeleton Technologies.

“This technology allows existing vehicles already on the road to be modified to be more energy efficient and reduce emissions.”

Last year, the company announced a €42 million ($52.2 million) investment in the company that came from private funding sources as well as the European Investment Bank.

“These investments have enabled us to bring innovative energy storage technologies to sectors such as automotive, transportation and power grids,” said Madiberk.

Skeleton Technologies also announced on January 23 that it had been named in the Global Cleantech 100 for the third consecutive year.

Research group Cleantech Group compiles the list from data analyzed from hundreds of independent companies that are not listed on any major stock exchange.

This year, Cleantech received nominations for its list from 12,300 companies.