The size of the grant was not disclosed but is targeted at developing advanced supercapacitors.

Supercapacitors are rechargeable devices that store electrical energy, and are capable of more powerful and more rapid energy discharge than conventional batteries. The use of porous carbon materials could enable improved energy storage enabling the use of supercapacitors in consumer and mobile devices and hybrid electric vehicles.

"This work is expected to greatly enhance supercapacitor adoption and could really revolutionize the energy sector," said Ranjan Dash, chief technology officer of Y-Carbon (King of Prussia, PA), in a statement.

Y-Carbon has also announced that James Horan has joined the company as its CEO. Horan comes to Y-Carbon with more than 15 years of executive experience in the management of science and technology companies. Most recently, he was the COO for the Pennsylvania Biotechnology Center and its affiliated companies.

Y-Carbon's proprietary tunable nanoporous carbon technology has been licensed from Drexel University. The technology has application in a variety of markets including supercapacitors, water desalination, gas storage, and medical sorbents. Horan has been successful in raising capital, both private equity and convertible debt. In addition to raising capital, he has experience in raising funds at the federal, state and local government levels.

Yury Gogotsi, Professor of Materials Science and Engineering at Drexel University, and co-founder and chief science Officer of Y-Carbon commented: "Y-Carbon experienced enormous growth in the past year. It urgently needs a leader that can help the company to move from the pilot scale to large volume manufacturing within a short time. Jim is capable of raising the necessary capital and taking Y-Carbon to the next level."

Related links and articles:

www.y-carbon.us

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