Maxwell Technologies, SK Innovation Form Strategic Alliance for Lithium Ion Battery-Ultracapacitor Energy Storage Solutions

Maxwell Technologies

announced today that it has signed a Memorandum of Understanding with SK Innovation, a subsidiary of SK Holdings and Korea's leading energy provider, to develop next generation energy storage solutions leveraging the complementary characteristics of SK's lithium ion batteries and Maxwell's ultracapacitors. The two companies will explore and identify global commercial opportunities for products that enable enhanced functionality and improve energy efficiency in industrial, transportation and other markets. Lithium ion batteries are characterized by their high energy density, while ultracapacitors offer rapid charge and discharge capabilities, reliable performance in extreme temperature conditions and long operational life.