SAN DIEGO, Nov. 1, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced the first commercial application of lithium-ion capacitors, developed in conjunction with China Railway Rolling Stock Corporation (CRRC-SRI), China's largest rail manufacturer. The technology will be used for rapid energy regeneration in the trolley system in the capital city of the Hunan province in China. Following last year's announcement of Maxwell's strategic partnership with CRRC-SRI to collaborate on developing next-generation capacitive energy storage solutions, this project is the first to leverage Maxwell's new lithium-ion technology and validates its unique value proposition for rail applications.
CRRC-SRI will leverage lithium-ion capacitors for the Changsha Subway in Changsha, Hunan, as the single source of power for instant charging and discharging to propel the trolley. Lithium-ion capacitors can charge light rail vehicles in 30 seconds and keep them going for five to 10 minutes, ensuring the trolley will be able to restart quickly in constant stop-and-go traffic. The technology fulfills China's rail requirements for energy savings and environmental protection.
Maxwell's lithium-ion capacitors combine ultracapacitors' high power density with lithium-ion batteries' high energy density for onboard energy storage systems. Compared to traditional ultracapacitors, lithium-ion capacitors triple energy density and reduce the total weight of the energy storage system by 50 percent.
"As railways continue to be a dominant form of transportation in China, rail infrastructure increasingly needs dependable energy saving technologies," said Liu Baoming, chairman of CRRC-SRI. "Maxwell Technologies' lithium-ion capacitors fill that market demand today and ensure our trolleys are constantly moving. We've continued to place our trust in Maxwell and its energy storage expertise and look forward to working together to meet the needs of the growing China market."
"The commercial use of lithium-ion capacitors represents a transformation in the energy storage industry and a significant opportunity for Maxwell to revolutionize the way power is distributed in rail applications in China," said Dr. Franz Fink, president and CEO of Maxwell Technologies. "Maxwell's lithium-ion capacitors are the perfect solution for the growing rail market. As demand for energy storage solutions increases, we believe there is a large opportunity to use the technology in even more applications, such as grid firming, wind pitch control and robotics, to drive future revenue growth."
Additional Maxwell Technologies information:
- Maxwell Technologies' rail solutions: http://bit.ly/1TF8maF
- Maxwell Technologies on Twitter: https://twitter.com/Maxwell_Tech
- Maxwell Technologies on Facebook: http://on.fb.me/10e2nPA
- Maxwell Technologies on LinkedIn: http://linkd.in/Z4737Y
- Maxwell Technologies on Google+: https://plus.google.com/+MaxwellTech/
About Maxwell: Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.
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SOURCE Maxwell Technologies, Inc.