After awarding SiNode Systems the 2017 Sustainable Practice Impact Award, VentureWell interviewed SiNode CEO Samir Mayekar on a range of topics. To see the story, visit VentureWell’s blog here.
SiNode Systems was featured in a Greentech Media story entitled “A Battery-Material Startup Applies Lessons From the Venture Capital Bust” To read the full story visit GTM here.
We are thrilled to share that SiNode was selected as the 2017 recipient of the VentureWell Sustainable Practice Impact Award. VentureWell was our very first funder and is an organization that envisions a world in which science and technology innovators have the support, training, and access to networks and resources they need to solve the world’s most difficult problems. To see more information, click here.
Chicago, IL, June 20, 2016 – The United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, today announced the award of a $4 million contract to SiNode Systems Inc., in Chicago, Illinois, for development of advanced anode materials for automotive lithium-ion battery applications.
The competitively bid contract award is 50 percent cost share-funded by the U.S. Department of Energy (DOE).
The 30-month program will focus on the development of silicon-graphene high-energy anode material appropriate for vehicle applications and the development and scale up of pouch cells that exhibit anode performance metrics that exceed the minimum USABC targets for active materials development for electric vehicles.
“SiNode Systems is pleased to be a recipient of this grant and is proud to contribute to USABC’s battery technology research and development programs,” said Samir Mayekar, Co-Founder and CEO of SiNode Systems. “We believe our advanced anode materials technology will be an enabler in improving the performance and reducing the cost of advanced batteries for vehicle electrification.”
USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. DOE, USABC’s mission is to develop electrochemical energy storage technologies that support commercialization of hybrid, plug-in hybrid, electric and fuel cell vehicles. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit the USABC’s website at http://www.uscar.org/usabc
About SiNode Systems
Founded in 2012, SiNode Systems is an advanced materials company developing silicon-graphene materials for the next generation of lithium-ion batteries. SiNode materials offer higher battery capacity and faster charging rates, all while being produced via a low cost solution chemistry-based manufacturing process. SiNode seeks to change the landscape for lithium-ion batteries so they can meet the demands of a wide range of industries, from consumer electronics to electric vehicles. For more information visit http://sinodesystems.com/
June 20, 2016 ###
What a great way to begin 2016! SiNode Systems Co-Founder Cary Hayner was selected to the Forbes 30 Under 30 list. For more information please click here.
In its latest announcement, Midwest Energy News selected SiNode Systems CEO Samir Mayekar as a member of its ’40 Under 40′ awards list. The awards program highlights emerging leaders throughout the region who are working to improve America’s energy landscape by accelerating America’s transition to a clean energy economy. Click here to see the full list of awardees.
SiNode was selected as a Winner in the 2015 Global Automotive Innovation Challenge, a competition sponsored by the Society for Automotive Engineers in partnership with the MIT Alliance of Michigan and NEXT Energy. Click here for more information.
Please visit us in Hall 5 at MWC in Barcelona March 2 – 5
The Illinois Cleantech Innovation Fund, sponsored by the Illinois Department of Commerce and Economic Opportunity in partnership with the Clean Energy Trust, has awarded SiNode Systems with an investment prize. Stay tuned for more details on this exciting announcement.
SiNode has been selected as a finalist to compete in the SXSW Eco Startup Showcase from October 6-8, 2014. We will join a flight of top tier companies in the energy sector – for more info please click here.
Branchburg, NJ, and Chicago, IL (August 1, 2014) – AZ Electronic Materials (“AZ”), a business unit of Merck KGaA, Darmstadt, Germany, and a leading global producer of high quality, high-purity specialty chemical materials used in the manufacturing of semiconductors, flat panel displays and LEDs, and SiNode Systems, Inc. (“SiNode”), a materials science company headquartered in Chicago, IL developing advanced materials for the energy storage market, announce they have entered into a Joint Development Agreement with the goal of commercializing graphene-based materials for lithium-ion batteries.
AZ has exclusive worldwide rights to the high yield preparation methods of graphene oxide invented by Dr. James Tour’s group at Rice University, TX. SiNode has exclusive worldwide rights to silicon-graphene electrode materials developed in Dr. Harold Kung’s group at Northwestern University. Under the Joint Development Agreement, AZ and SiNode will develop graphene-based electrode materials that deliver both higher energy density and improved rate capabilities, enabling longer lasting, faster charging lithium-ion batteries.
Pairing AZ’s graphene oxide with SiNode’s novel electrode materials technology offers battery manufacturers a significant improvement in cell level performance. Prototype tests have demonstrated how layering nanosilicon in between porous graphene sheets creates passages for rapid Li-ion diffusion while also buffering silicon expansion during lithiation, enabling high storage capacity at high rates with extended cycling stability.
Geoff Wild, AZ’s Chief Executive Officer (CEO), commented: “Our collaboration with SiNode provides AZ with the opportunity to bring new material solutions to our customers in our core business and to help SiNode enhance the production scale of their energy storage materials. SiNode’s highly innovative nanomaterials platform coupled with AZ’s unique precursor materials will result in strong product pipelines for both companies.”
SiNode’s Co-Founder and CEO Samir Mayekar,said: “Partnering with AZ will allow us to accelerate the commercialization of graphene-based materials to meet the demand of the growing energy storage market. As consumers increasingly adopt mobile and wearable devices, AZ and SiNode will provide the value-added materials to power the needs of the on-the-go consumer.”
SiNode is expanding its state-of-the-art R&D and pilot manufacturing facility in Chicago, IL in order to accelerate these commercialization efforts.
SiNode Systems was recently recognized as a successful example of the “Corporate-Startup Challenge” program conceived by the Illinois Innovation Council and managed by the Illinois Science & Technology Coalition (ISTC). The Corporate-Startup Challenge provides avenues for partnership and collaboration between promising local start-ups and Illinois corporate entities. SiNode’s strong relationship with Motorola Mobility is a direct result of the initiative and we are very thankful and excited for our continued involvement.
SiNode Systems was featured in the 2014 State of ILlinois Economic Development Guide as one of many innovative Illinois companies turning academic research into valuable commercial technologies. The article called “Embracing Possibilities” starts on page 89 and also features a nice picture of our CEO 🙂 A link to the electronic version can be found here.
Jason Blumberg, Energy Foundry CEO, stopped by Chicago Tonight to discuss energy innovation in Chicago. During the interview, SiNode Systems was profiled as one of Energy Foundry’s first four investment companies. Check out the video below.
We are pleased to announce that Energy Foundry will be joining our seed round of funding. Energy Foundry is an impact venture capital fund, created out of the Illinois Energy Infrastructure Modernization Act. The law directed Illinois electric utilities, ComEd and Ameren, to provide $22.5M for the creation of the fund, a first-of-its kind model to stimulate Illinois’ innovation ecosystem and to support the emerging energy-technology marketplace. Energy Foundry invests and supports emerging energy and grid technology startups. SiNode Systems is the third company that the fund has invested in.
We are very excited by the assistance and expertise that Energy Foundry brings to the table. Their support will greatly accelerate our development and we are thankful to operate in a state that supports and understands the importance of energy innovation.
The SiNode Team just arrived in Barcelona to showcase at the Mobile World Congress 2014. Come visit us in Exhibit Hall 6!
The annual Chicago Innovation Awards was held last night at the Harris Theater in Millennium Park. Out of a record breaking 562 applicants, SiNode was selected as a top 100 finalist as well as one of ten Up & Comer winners. The Up & Comer award recognizes early stage companies that show great potential for disruptive products and services in the Chicagoland area. The SiNode team would like to thank The Chicago Innovation Awards as well as our ever-growing base of mentors and partners. It was a wonderful experience to share this honor with an eclectic group of innovators and to celebrate our great city.
Out of a record-breaking 562 nominees, SiNode Systems has been selected as one of the Top 100 Finalists still in the running for the 12th annual Chicago Innovation Awards. The awards celebrate the most innovative new products and services in the Chicago region across all organization sizes, sectors and industries. 1500 business and civic leaders will come together to honor the winners when they are announced on October 30th at Chicago’s Harris Theater.
“Chicago is in the midst of a monumental upsurge in innovation,” said Tom Kuczmarski, co-founder with Chicago journalist Dan Miller of the awards. “It’s inspiring to see the range of vision and the depth of talent among organizations in the Chicago area. Companies are investing in innovation and taking more risks to launch new ventures and uncover new value.”
As one of the Top 100 Finalists, SiNode Systems will receive a $2,500 scholarship to attend The Practical Innovator, a day-long executive education course on September 27th led by top faculty who teach innovation at Northwestern’s Kellogg School of Management.
Each of the Top 100 Finalists is also in the running for the annual “People’s Choice Award,” selected through online balloting at www.chicagoinnovationawards.com.
Out of the Top 100 Finalists, the judges will select 10 winners of the Chicago Innovation Awards, as well as winners of the Up-and-Comer Awards representing innovation in the start-up community, the Social Innovator Award and the Collaboration Award. The winners will be invited to ring the NASDAQ Bell in New York City, invited to separate meetings with Mayor Rahm Emanuel and Governor Quinn to discuss their innovation and profiled in Crain’s Chicago Business.
Last Friday, August 23, SiNode Systems had the honor of ringing the NASDAQ closing bell in New York City. The celebratory event was also attended by investors, family members, representatives from the Rice Alliance, and key SiNode advisors. SiNode would like to thank everyone who was able to fly out for the event.
Northwestern University also wrote a nice recap article for the Kellogg and McCormick websites that can be seen here.
After competing with five other regional finalists from across the United States, SiNode Systems was crowned the winner of the 2013 Department of Energy National Clean Energy Business Plan competition — and a grand prize of $100,000 in cash and services. The victory was especially humbling as SiNode Systems failed to qualify for the same competition just last year.
We would like to thank the U.S. Department of Energy for assembling this important initiative and for putting together a wonderful event.
Commercialization strategy for superior anodes for Lithium-ion batteries wins the ‘Super Bowl’ of business plan competitions.
EVANSTON, Ill. – April 22, 2013 – SiNode Systems, a company developing superior anodes for Lithium-ion batteries, won the Grand Prize at the 2013 Rice Business Plan Competition, an award that has been described by Fortune and CNN/Money as the Super Bowl and World Series combined for startups.
In total, SiNode received more than $900,000 in prizes at what is considered the world’s richest and largest business plan competition. The funds will support the development and commercialization of SiNode’s technology, which has the potential to dramatically enhance battery life for smartphones, electric vehicles and other consumer applications.
“Winning the Rice Business Plan Competition is further validation that our technology and business strategy are well-positioned for today’s consumer electronics market,” said Samir Mayekar, SiNode’s Executive Director. “It’s also a huge boost for our management team, which is working hard to bring SiNode’s technology to market.”
SiNode was formed in 2012 through Northwestern University’s NUvention program, which selects teams of students from the McCormick School of Engineering and Kellogg School of Management to commercialize technology developed at Northwestern. The company is commercializing a patented composite of silicon nano-particles and porous graphene developed by Northwestern professor Harold H. Kung.
The material is produced in a sheet-like form through a simple and highly scalable manufacturing process. It’s compatible with standard li-ion battery components (cathode and electrolyte), which means it can be used as a direct drop-in component to existing battery cell manufacturing—increasing anode capacity by 10 times, while decreasing battery charging times by the same factor.
More than 400 teams from around the world applied to the Rice Business Plan Competition this year, with 42 of them invited to pitch their business plans at the three-day competition held at Rice University. More than 300 judges, including venture capitalists, angel investors, entrepreneurs and business leaders, vetted the teams.
In its short lifespan, SiNode already has achieved an impressive record of success. In November 2012, the company bested competition from across the country to win the Energy Efficiency Category Award at the Cleantech Open Global Forum.
“SiNode is prepared to become a commercial success and have a big impact on how we consume electricity,” said Justin Kaster, Cofounder and President of the Midwest Division of the Cleantech Open accelerator program. “They’ve got a disruptive technology, a thoughtful business model and a smart, motivated management team.”
SiNode’s winnings of $911,400 included the competition’s grand prize—$350,000 from the Goose Society of Texas—as well as $100,000 from the OWL Group. Other prizes came from Mercury Fund, Greater Houston Partnership, the U.S. Department of Energy, Trailblazer Capital, PKF of Texas, Fulbright & Jaworski LLP, BBVA Compass, Miller, Egan, Molter & Nelson LLP, and others.
About Sinode Systems
SiNode Systems is a materials venture based out of Northwestern University that is commercializing a novel silicon-based anode technology developed by Professor Harold Kung. The company is currently seeking partnership opportunities with major chemicals manufacturers.
SiNode Systems took home the grand prize at the 2013 Rice Business Plan Competition, the world’s richest and largest business plan competition. In total, SiNode was awarded over $800,000 in prizes generously sponsored by the GOOSE Society of Texas, the OWL Investment Group, Mercury Fund, Greater Houston Partnership, U.S. Department of Energy, Trailblazer Capital, PKF of Texas, Fulbright & Jaworski LLP, BBVA Compass, Miller, Egan, Molter & Nelson LLP, and others.
The competition was an incredible experience for the SiNode team, and we would like to thank the organizers and sponsors of the event, especially the Rice Alliance and Northwestern alumnus Brad Burke.
Julie Wernau of the Chicago Tribune stopped by our labs to profile SiNode for an article covering green tech start-ups in the Chicago area. The article covered two other local start-ups HEVT and Lanza Tech. Follow this link for the full article.
After beating more than 140 teams competing at the north central region Clean Tech Open (CTO), SiNode was one of three teams to win $20,000 in cash and in-kind services as well as the opportunity to compete at the CTO’s Global Forum in San Jose.
Joshua Lau and Nishit Mehta represented SiNode at both events, pitching to investors and many of the 1000+ event attendees. A panel of industry experts judged each teams 10 minute pitch and awarded SiNode as the national category winner in the area of energy efficiency.
SiNode would like to thank the Clean Tech Open for all of their support and a phenomenal event. For a full list of the 2012 CTO Global Forum finalists follow the link below.