Posts Tagged: Maxwell Technologies

Investors sue to stop Tesla’s acquisition of Maxwell Technologies

A group of investors has filed a class action lawsuit in San Diego federal court to stop Tesla’s acquisition of battery and ultracapacitor innovator Maxwell Technologies. Bloomberg Terminal reports (via Electrek)  that the litigants are calling the price of $4.75 per share (over $200 million total) and the process that led to the deal “unfair.” This… Read more »

Tesla to acquire ultracapacitor developer Maxwell Technologies

Tesla plans to acquire Maxwell Technologies at a price of $4.75 per share, or approximately $218 million. The merger, which was unanimously approved by Maxwell’s board of directors, is to be finalized around the second quarter of 2019. Maxwell is based in San Diego and has about 380 employees. The company will be familiar to… Read more »

Maxwell Technologies sells high-voltage product line, shifts focus to EV energy storage

Maxwell Technologies, a manufacturer of energy storage and power delivery technology, has sold its high-voltage product line to Renaissance Investment Foundation for $55.1 million in cash and up to $15 million in future payments. Included in the deal were Maxwell’s Swiss subsidiary, Maxwell Technologies SA, and its CONDIS line of high-voltage capacitors. Maxwell will now… Read more »

Geely to incorporate Maxwell ultracapacitors in 2020 vehicles

Ultracapacitor specialist Maxwell Technologies (Nasdaq: MXWL) has formed a technology partnership with Zhejiang Geely, the Chinese parent company of Volvo and Geely Auto to integrate ultracaps and power conversion electronics into Geely’s global vehicle lineup. Geely will include Maxwell’s ultracapacitor-based peak power subsystem in five mild hybrid and plug-in hybrid vehicles for the North American… Read more »

Maxwell Technologies acquires Nesscap Energy

Maxwell Technologies has agreed to acquire Nesscap Energy for $23.175 million, or about 1.1 times Nesscap’s annualized revenue. The purchase price will be paid by the issuance of approximately 4.6 million Maxwell shares. Nesscap has operations in Korea, Germany, and China. As a specialist in small cell format ultracapacitor products, Nesscap provides R&D and manufacturing… Read more »

Maxwell Technologies localizes ultracapacitor production for Chinese e-buses

Energy storage solution provider Maxwell Technologies (NASDAQ: MXWL) has announced an agreement with CRRC Qingdao Sifang Rolling Stock Research Institute (CRRC-SRI) to localize manufacturing of its ultracapacitor-based modules for use in the China new energy bus market. Local production is expected to begin in China in the second half of 2017, coinciding with the peak… Read more »

Maxwell Technologies unveils 51-volt ultracapacitor module for hybrid buses

Ultracapacitor specialist Maxwell Technologies has introduced a 51-volt module that’s specially designed for use in hybrid buses and other high-duty cycle applications. The latest addition to Maxwell’s lineup features a 2.85 V, 3,400-farad ultracapacitor cell that delivers the company’s highest available energy and power density. Maxwell’s 51 V module includes an active cooling system, which… Read more »

Maxwell delivers ultracapacitor-based energy storage for Beijing subway system

Like cars, trains waste large amounts of energy during braking. Until now, however, there has been no practical way to recover this energy by using regenerative braking. Locomotives do not carry large batteries, and they are typically connected to an electrical grid that can’t handle quick bursts of energy. Ultracapacitors, which offer extremely high charge/discharge… Read more »

Maxwell introduces higher-voltage ultracapacitor cell

Maxwell Technologies has introduced a new addition to its K2 family of ultracapacitor cells. A 3-volt, 3,000-farad cell is now available in sample quantities. The new cell offers 31% higher power than Maxwell’s existing 2.7-volt, 3,000-farad cell, and is packaged in the same industry-standard 60 mm cylindrical form factor. Maxwell points out that customers can… Read more »

2016 Cadillacs to use Maxwell ultracapacitors in start-stop system

Start-stop vehicles (SSVs, if you will) occupy the bottom rung of the electrification ladder, and they’re growing in importance as global OEMs search for ways to meet tightening emissions standards (anything other than selling EVs, it sometimes seems). Over 40 percent of new cars sold in Europe already incorporate start-stop technology. A battery-based start-stop system… Read more »