Advertisement
Singapore markets close in 3 hours
  • Straits Times Index

    3,321.68
    -4.60 (-0.14%)
     
  • Nikkei

    39,677.84
    +504.69 (+1.29%)
     
  • Hang Seng

    18,099.34
    +26.44 (+0.15%)
     
  • FTSE 100

    8,247.79
    -33.76 (-0.41%)
     
  • Bitcoin USD

    61,624.63
    +588.54 (+0.96%)
     
  • CMC Crypto 200

    1,278.24
    +29.12 (+2.33%)
     
  • S&P 500

    5,469.30
    +21.43 (+0.39%)
     
  • Dow

    39,112.16
    -299.05 (-0.76%)
     
  • Nasdaq

    17,717.65
    +220.84 (+1.26%)
     
  • Gold

    2,325.40
    -5.40 (-0.23%)
     
  • Crude Oil

    81.26
    +0.43 (+0.53%)
     
  • 10-Yr Bond

    4.2380
    -0.0100 (-0.24%)
     
  • FTSE Bursa Malaysia

    1,589.82
    +4.44 (+0.28%)
     
  • Jakarta Composite Index

    6,925.67
    +42.96 (+0.62%)
     
  • PSE Index

    6,289.16
    -9.89 (-0.16%)
     

It's Going To Take Over The World' — Revolutionary Tech Promises Devices Will Never Need Charging

Remember solar-powered calculators? A company is using this long-known technology to create consumer products that billions of people use daily.

The discovery of dye-sensitized solar cells (DSSC) in 1988 laid the foundation for a future where charging cables could become obsolete. A pair of scientists from UC Berkeley in California developed a low-cost, high-efficiency solar cell that is both semi-flexible and semitransparent, according to The Independent. This innovation paves the way for incorporating solar technology into commercial products.

Exeger, a company at the forefront of this solar revolution, has taken this foundation and created Powerfoyle. It is an adaptable solar cell that transforms any light, even that of a candle, into electrical power. It boasts 1,000 times better conductivity and seamlessly integrates into everyday products like headphones and helmets.

Don't Miss:

ADVERTISEMENT


After over a decade of rigorous testing and continuous improvements, the company has solidified its position with two pioneering factories in Stockholm, where its headquarters are. The factories have an impressive production capacity of 27 million square feet of Powerfoyle annually.

Exeger co-founder Giovanni Fili told The Independent that [Powerfoyle] "works in any light condition, it's more durable than any other solar cell in the world, it's easy to manufacture, and it can imitate any surface — leather, carbon fiber, wood, brushed steel. It's also beautiful." This allows integration into products already selling in the billions annually.

Trending: With returns as high as 300%, it’s no wonder this asset is the investment choice of many billionaires. Uncover the secret.

But before that could happen, Exeger signed a strategic partnership with the SoftBank Group. The partnership included an investment of $10 million to "accelerate the global rollout of the Exeger technology."

SoftBank Energy Corp.'s Chief Executive Officer expressed the company’s excitement to collaborate with Exeger: "The SoftBank Group is extremely happy to be able to collaborate with Exeger, which has this amazing technology, to promote the fusion of energy and technology and help realize a more convenient and comfortable society."

The true power of Powerfoyle is in its endless energy and ultimate convenience. Devices equipped with Powerfoyle don’t need traditional power charges or cables and don’t need their batteries replaced — ever. They simply continuously charge as you use them, using surrounding light.

One notable collaboration between Exeger and 3M aims to improve worker safety and connectivity through self-charging technology. Their first joint product, a protective communications headset, proves Powerfoyle can adapt to power almost any device, allowing integration into products already sold in billions of units annually.

Exeger’s founder has a bold vision. Speaking at the opening of their Stockholm factory in 2021, CEO Giovanni Fili predicted that their technology would "touch the lives of a billion people by 2030."

With Powerfoyle already integrated into seven market-ready products, including headphones, remote controls, wireless speakers, and a bike helmet, and with six more announced, the future certainly looks promising. Other major brands like Adidas, Philips, and Marshall are also partnering with them, and rumors of collaborations with Logitech and Apple are on the horizon.

Exeger isn’t the only company working on a sustainable future. It’s one of several startups pioneering the commercialization of indoor solar panels. The appeal of clean, endless power is immense, and it continues to attract both researchers and entrepreneurs, driving forward the vision of a battery-free future.

And for good reason. The technology is hugely important to the environment. In the U.S. alone, people discard over three million tons of electronic waste yearly. That figure is even higher in China — more than 10 million tons. Solar-powered products are an effective step toward environmental responsibility for both brands and consumers.

Keep Reading:

"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

This article It's Going To Take Over The World' — Revolutionary Tech Promises Devices Will Never Need Charging originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.