Ohio Third Frontier Program Awards $1.35 MM to Calgon Carbon to Develop Carbon for Energy Storage
PITTSBURGH, PA – 05/12/2011
Calgon Carbon Corporation (NYSE: CCC) announced today that the Ohio Third Frontier has awarded the company a $1.35-million grant from its Energy Program for the development and commercialization of advanced activated carbons for energy storage. The project will focus on developing a domestic source of activated carbons for a broad range of ultracapacitor storage applications.
The immediate goal of the project is to develop and manufacture the first domestic source of activated carbon specifically designed for the ultracapacitor energy storage industry. Production of the activated carbon at Calgon Carbon’s facility in Columbus, Ohio will address dependence on overseas manufacturers and help to avoid supply disruptions.
Calgon Carbon’s longer-term goal is to develop advanced activated carbons for ultracapacitor storage that are both technically and economically superior to the products available today. The global market for ultracapacitors is expected to increase from more than $300 million in 2011 to over $1 billion in 2015.
The Ohio Third Frontier is a bipartisan economic development initiative that provides funding for technology areas that represent Ohio’s key competitive opportunities. Calgon Carbon will collaborate on this project with several Ohio-based organizations — Case Western Reserve University, JME, Inc., and Novolyte Technologies — as well as Maxwell Technologies, the world’s leading developer and manufacturer of energy storage and power delivery solutions.
Commenting on the announcement, John Stanik, Calgon Carbon’s president and chief executive officer, said, “By investing in this project, the Ohio Third Frontier has provided us the opportunity to continue and accelerate Calgon Carbon’s own efforts to increase participation in the growing ultracapacitor market. With the collaboration of a team comprised of leaders in the energy storage industry, I am confident that we will accomplish our technical and commercial objectives while creating economic development benefits for the citizens of Ohio.”
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.
For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit dev.calgoncarbon.com.
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