Quantum Graphite Ltd (AU:QGL) has released an update.
Quantum Graphite Ltd has announced that its joint venture partner, Sunlands Energy Co., has been granted a U.S. patent for innovative Thermal Energy Storage (TES) Graphite Cell technology, crucial for long-duration energy storage and key to energy sector decarbonization. These cells are integral to transforming coal-fired generators and enhancing grid network capabilities, offering a unique solution for emissions-free electricity generation. With the U.S. energy storage market expected to double in the next five years, this patent solidifies Quantum Graphite’s stake in a rapidly expanding industry.
For further insights into AU:QGL stock, check out TipRanks’ Stock Analysis page.
