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Hyperdrive Innovation designs and builds lithium-ion battery systems for automotive, industrial, marine and standby power applications, and has a stated ambition of supplying technology on to every electric vehicle (EV) and hybrid electric vehicle (HEV) in the world.

Based at the Future Technology Centre in Sunderland and currently employing 20 people, Hyperdrive has developed a range of products for energy storage and vehicle electrification.

As well as supplying custom-design and modular battery systems to OEMs, their complementary technologies include battery management, electronic control, range extender and telemetry systems.

These solutions have been developed to address industry requirements for enhanced vehicle performance, optimised energy efficiency and reduced carbon emissions, and the technologies used in them is being transferred into vehicle and standby power applications on land and offshore.

Over the last year, Hyperdrive has taken a major step forward by beginning serial manufacture of battery systems in Sunderland, and 2016 is expected to be the year when its work in this area really takes off with the launch of a modular battery range.

The systems can be connected together to provide the power needed for a range of different requirements, from small portable power packs and industrial robots to much larger on and off-highway vehicles, such as buses, trucks and construction plant.

Hyperdrive has built around 1,000 battery units this year, but its plan is to increase this figure several fold during 2016.

Hyperdrive will be looking to further extend its reach in this way around the UK, across Northern Europe and potentially into North America through the coming 12 months.

Add to this the various other elements of development activity the company is undertaking on other automotive applications, which is being backed by a substantial research and development budget, and we think the region will be hearing a great deal about Hyperdrive during 2016.

• Nominated by Stephen Slater, director of RMT accountants and business advisers