It’s used to make stronger satellites and ships — now so-called wonder material graphene could be the answer to fast-charging batteries and cool-running computers.

ASX-listed First Graphene (ASX:FGR) has today inked a deal to supply graphene to coolant maker FlexeGRAPH.

Canberra-based FlexeGRAPH is developing nano technology using graphene-enhanced heat transfer fluids. In Australia the market is expected to grow from $3 billion in 2016 to $4.5 billion by 2022.

Nanofluid coolant technology is the first breakthrough in liquid coolants in 90 years, First Graphite says.

The technology can deliver a 60 per cent improvement in thermal conductivity over current competitors, according to the company.

The graphene will be used in batteries and high-performance computing and data centres.

This will allow batteries to be charged faster with less capacity loss and will improve the cooling of high-performance computing and data centres to reduce power consumption.

Investors didn’t seem too fussed over the news though. The stock slipped 2.5 per cent to 19.5c just before midday on Wednesday.

First Graphene (ASX:FGR) shares climbed briefly this morning before reversing their gains.
First Graphene (ASX:FGR) shares climbed briefly this morning before reversing their gains.

Featured Companies

You might be interested in