ArcActive, a New Zealand-based battery technology company, is poised to revolutionise the energy storage sector with its groundbreaking Fabric Bipolar Battery (FBB) technology.
The company’s new battery storage solution offers high performance, zero fire risk, and infinite recyclability, all at a fraction of the cost of competitors like Tesla, with a payback period of approximately four years, three times shorter than its competitors.
Despite the increasing adoption of PV solar across the country, affordable and reliable energy storage remains a challenge.
ArcActive’s new product is set to disrupt the sector, making energy storage more accessible not just to Australians but to people worldwide.
The technology has the potential for widespread adoption across residential, commercial, and industrial settings, transforming the energy landscape.
After 13 years of research and development and over AU$100 million in investment, ArcActive has begun sales activity in Australia and overseas, gearing up for its first institutional capital raising.
The company plans to establish its first Australian manufacturing facility in either Queensland or Victoria within the next 18 months — initially creating about 70 new jobs and boosting Australia’s reputation as a hub for advanced manufacturing in energy storage.
ArcActive, known for its expertise in automotive fuel efficiency for Micro Hybrid Vehicles, will use its proprietary “re-engineered” technology, called ArcCarbon, to produce lead-acid batteries with improved performance and longevity.
The technology, developed by co-founder Professor John Abrahamson, a pioneer in carbon nanotube research, allows for high dynamic charge acceptance and fast recharge rates, crucial for start-stop and micro-hybrid vehicles.
ArcActive’s lead-acid batteries using ArcCarbon technology offer 10 per cent better fuel efficiency compared to alternative AGM batteries, at no extra cost.
The company is working to scale up this battery technology and partner with international car and battery manufacturers to bring it to market.
ArcActive is currently raising $65 million to fund the construction of its new battery factory in Australia.
This move is seen as a significant step in tapping into the growing multi-billion dollar market for new battery technologies to support the electrification of vehicles, marking a major milestone in the company’s journey towards sustainable energy solutions.