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Maxwell receives funding for energy storage R&D

Posted: 04 Jul 2011 ?? ?Print Version ?Bookmark and Share

Keywords:energy storage? funding? R&D?

Maxwell Technologies Inc. will be the recipient of more than $500,000 in government funding for its collaborative energy storage research and development programs with three other U.S.-based companies.

Maxwell will receive more than $300,000 for collaborative R&D programs with Connecticut-based battery manufacturer Yardney Technical Products Inc. The programs focus on applying Maxwell's proprietary, solvent-free, electrode fabrication process to produce high-performance, low-cost, Lithium-ion battery electrode material. It also seeks to integrate Maxwell's high power-density ultracapacitors and Yardney's high energy-density batteries for optimized energy storage solutions for transportation, industrial and other applications.

"This is a great opportunity to improve the state-of-the-art for energy storage technology," said Vince Yevoli, Yardney's president and COO.

Maxwell will also receive $200,000 through energy storage technology collaborations with two Ohio-based materials producers. One involves testing and evaluation of advanced activated carbons produced by Calgon Carbon Corp. at Calgon's Columbus, Ohio facility. The collaboration is intended to establish a domestic source of high-performance, low-cost carbon for ultracapacitors. The second involves testing and evaluation of novel graphene material produced by Dayton, Ohio-based Nanotek Instruments Inc. to determine how graphene could be used to increase the energy density of ultracapacitors.

"This external funding and the opportunity to collaborate with leading energy storage technology innovators are instrumental in accelerating and amplifying Maxwell's internal research and development efforts," said David Schramm, Maxwell's president and CEO. "We are pursuing several other R&D funding sources and opportunities to partner with industry leaders to leverage our intellectual property and continuously improve our products' performance and cost structure."

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