# Skeleton invests €220M in supercapacitor factory expansion with Siemens

Skeleton Technologies will invest €220 million to build a new supercapacitor factory in Markranstädt, Leipzig, in partnership with Siemens, aiming to scale production and reduce costs by nearly 90% over five years.

- Type: Expansion
- Announced: 2022-07-20
- Where: Markranstädt, Leipzig, Germany
- Value: $224.0M (220.0M EUR)
- Starts operating: 2027
- Status: announced
- Products: supercapacitors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Skeleton Technologies](https://endata.com/companies/64230.md)
- [Siemens](https://endata.com/companies/301.md) (partner)

## Sources

- [railway-news.com](https://railway-news.com/skeleton-expands-its-supercapacitor-factory-in-partnership-with-siemens/), 2022-07-20: "Supercapacitors are a key element in dramatically reducing emissions in the power generation, transportation and industrial sectors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.