SANTA CLARITA, CA — (Marketwired) — 09/30/14 — BioSolar, Inc. (OTCQB: BSRC), producer of innovative bio-based solar energy products and developer of a breakthrough supercapacitor technology, today announced that it has jointly filed an international patent application with the University of California, Santa Barbara (“UCSB”) for “a multicomponent-approach to enhance stability and capacitance in polymer-hybrid supercapacitors.” This invention forms the basis for the company–s BioSuperCap technology.
Conventional batteries store electricity by changing the chemistry of their internal chemical compounds. During discharge, the chemistry is reversed and electrons leave the battery to power an attached load. The chemical reactions that convert electrical energy to and from chemical energy take time. Therefore they are slower to charge and discharge. On the other hand, supercapacitors store charge in sub-nanoscale crevices through electric fields that naturally form inside its structure. During discharge, electrons rapidly leave through the terminal without having to undergo slow chemical reactions. The challenge for supercapacitors is that while they can be charged and discharged rapidly, they do not store as much energy as batteries.
“Since solar energy is only available during the day and naturally sporadic because of weather and clouds, a large capacity and fast charge-discharge energy storage system is needed to quickly store the energy of the sun so that it can be used anytime — day or night,” said Dr. David Lee, CEO of BioSolar. “This game-changing solution will allow users of solar energy systems to time-shift solar energy to reduce their dependence on, or go completely off, the electric utility power grid. Such a solar energy storage system can be built by combining a BioSuperCap frontend with a battery backend.”
Unlike conventional supercapacitors made from expensive materials such as activated carbon electrodes, solvents and organic electrolytes, BioSuperCap will be made from a very inexpensive conductive polymer electrode and with inexpensive electrolytes. Additionally, BioSuperCap materials are non-flammable, non-explosive and environmentally friendly, making it a safer device than conventional supercapacitors in more applications.
BioSolar, producer of innovative bio-based solar energy products, is currently developing a breakthrough supercapacitor technology for reducing the cost of storing the energy of the sun. Existing battery technologies, such as lithium-ion batteries, are good for longer-term energy storage, but cannot be charged or discharged rapidly. This characteristic limits the use of batteries for power backup applications. Inspired by nature, BioSolar is developing a low cost polymer based supercapacitor that can be charged and discharged hundreds of times faster than batteries, and will complement batteries for the storage of solar energy. By integrating BioSolar supercapacitors as the high power frontend to battery banks, with fewer battery banks than would ordinarily be required, daytime solar energy can be quickly and cost-effectively stored for nighttime use at a substantially lower cost. This potentially game-changing technology will allow users of solar energy systems to reduce their dependence or go completely off the electric utility power grid. To learn more about BioSolar, please visit our website at .
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Investor Relations Contact:
Tom Becker
BioSolar, Inc.
(877) 904-3733