Pioneering CNT + Silica hybrid battery technology to deliver ultra-high-density energy storage for global grid resilience and sustainable electrification.
Sector/Category: Clean Energy & Infrastructure
Stage: In Development
Location: Factory in UAE; R&D Lab in Victoria, Australia
Investment Ask: €800M – €1.5B
Use of Funds: Stage 1 gigafactory buildout (€550M), R&D lab establishment, and global scale-up across multi-phase expansion.
Impact Highlight: Enables 50x energy density over lithium-ion, potentially avoiding millions of tCO₂e annually through enhanced renewable integration and grid efficiency, while creating high-skilled jobs in clean tech manufacturing.
The global energy storage market is exploding amid the urgent shift to renewables, with projections exceeding USD 307 billion by 2030 driven by grid modernization, EV adoption, and net-zero commitments. However, current lithium-ion technologies face limitations in density, safety, and scalability, hindering widespread deployment and leaving critical gaps in long-duration storage and resilient power systems.
Cyrion Technologies is addressing this through its planned Mega Battery Factory in the UAE and R&D Lab in Australia, developing proprietary CNT + Silica hybrid batteries. This breakthrough offers up to 50x energy density (13,000 Wh/kg), non-flammable designs, faster charging, and extended lifecycles, enabling modular 0.5 GW containerized units for rapid global rollout. The vertically integrated ecosystem spans CNT synthesis to full-scale production, targeting grid-scale, defense, data centers, and off-grid applications.
Aligned with UAE’s innovation hubs and Australia’s R&D strengths, this initiative taps into supportive policies like the National Reconstruction Fund and Critical Minerals Strategy, positioning Cyrion to capture share in a market growing at 13.4% CAGR while advancing circular economy principles through waste-derived CNTs.
Cyrion’s model focuses on vertical integration from R&D to manufacturing, generating revenue through direct B2B sales of containerized systems (60-70% of mix), technology licensing to OEMs in EV/marine sectors (high-margin royalties), and future expansions into Battery-as-a-Service (BaaS) and Net Zero city partnerships.
Scalability is built-in via modular designs and phased gigafactory expansion: Stage 1 targets 2,500-5,000 units/year (1.25-2.5 TW total), scaling to 15,000-30,000+ units in Stage 3. Growth includes localized factories in Australia, USA, and Europe, leveraging UAE’s export hubs for GCC, Africa, and Asia-Pacific markets.
Target customers include utilities (grid integration), defense/telecom (premium resilient power), C&I sectors (25% mix), and remote/off-grid systems, with secured offtake in aerospace and multi-sector agreements in pursuit.
Founders / Key People: Joint venture led by Aleksandar Vasiljevic OAM, Founder of GlassKote FGI with 60+ years in materials innovation; supported by SDH Corporate Holdings’ deep-tech expertise.
Strategic Partners: GlassKote Float Glass Industries (manufacturing), SDH Corporate Holdings (commercialization), with engagements in UAE hubs like Masdar/NEOM and Australian government bodies.
Advisors / Networks: International R&D collaborations linking UAE-Australia; aligned with industry groups in renewables and advanced manufacturing.
Founders / Key People: Aleksandar Vasiljevic OAM, Founder & Executive Chairman, with over 60 years of experience in global glass manufacturing, nanomaterials, and sustainable innovations; recognised for leadership in coated glass and AI-integrated technologies.
Strategic Partners: GlassKote Technologies (coatings expertise), CYRION Technologies (AI and digital infrastructure), SDH Corporate Holdings (project development), DataESG (sustainability metrics), and DNA AI (advanced nanomaterials).
Advisors / Networks: Engaged with federal and state governments, industry bodies like the Australian Glass and Glazing Association, and international networks in renewable manufacturing.
Stage of Investment: Project Finance / Scale-up
Capital Sought: €800M – €1.5B
Funding Structure: Equity, project finance, or strategic partnerships
Use of Funds: R&D lab (€125M), Stage 1 factory/infrastructure (€550M), working capital, and phased expansions to full gigascale.
Tech Readiness Level (TRL) / Commercial Maturity: TRL 7-8 (prototypes validated, scaling to commercial)
Projected Financial Returns: >38% IRR for Stage 1; €50B+ annual revenue by Year 5
Expected CO₂ Reduction: Millions of tCO₂e/year via efficient renewables integration
Jobs Created / Community Benefit: Hundreds in manufacturing/R&D, regional economic uplift in UAE/Australia
Customers, Pilots, or Contracts Secured: Initial aerospace/defense agreements; multi-sector offtakes in negotiation; aligned with MENA mega-projects
Technology / Execution: Scaling CNT production; mitigated via phased rollout and proven partnerships.
Market / Policy: Raw material volatility; addressed through waste-feedstock tech and policy alignments.
Finance / Scaling: Capital intensity; managed with staged funding and investor syndication.
Contact Note: For more information, contact the Sustainable Markets team.
Investment Ask: Confidential / Available on Request
