The battery pack of a disassembled Tesla Inc. Model 3 electric vehicle sits inside the Munro & Associates Inc. warehouse in Auburn Hills, Michigan, U.S., on Monday, Oct. 15,2018 (Credit: 2018 Bloomberg Finance LP)© 2018 Bloomberg Finance LP
At a 2011 Cleantech Forum in San Francisco, Tesla CEO Elon Musk was quoted saying that the future of electric vehicles wouldn’t be powered by lithium-ion,
If I were to make a prediction, I’d think there’s a good chance that it is not batteries. But capacitors.”
Today he may be making good on his prediction. The electric vehicle manufacturer confirmed that it has acquired a small San Diego lab that owns ultracapacitor patents and technology.
Maxwell Technologies provides dry electrode manufacturing technology that can be used to make to make batteries that power electric vehicles and renewable energy systems. The company announced that in an all-stock transaction it will merge and become a wholly owned by a subsidiary of Tesla.
“We are very excited with today’s announcement that Tesla has agreed to acquire Maxwell. Tesla is a well-respected and world-class innovator that shares a common goal of building a more sustainable future,” said Dr. Franz Fink, President and Chief Executive Officer of Maxwell. “We believe this transaction is in the best interests of Maxwell stockholders and offers investors the opportunity to participate in Tesla’s mission of accelerating the advent of sustainable transport and energy.”
The lithium-ion batteries currently used in electric vehicles are expensive and heavy, and putting enough battery cells on a the types of large, heavy vehicles that consumers prefer to give them a driving range that rivals conventional gasoline tanks often makes them cost-prohibitive (think: $130,000 Model X). But ultracapacitors could be the key that solves this problem.
Capacitors store energy like a battery, but they can be near instantaneously charged, provide immediate bursts of energy, and have significantly greater longevity, which solves the battery degradation problem that many Tesla owners who frequent Supercharging stations run into.
However, Maxwell’s then-CEO Dave Schramm said in 2011 that the technology could improve but not ‘supersede’ batteries:
Ultracaps in today’s configuration can’t replace batteries. They’re very different — the battery is an energy device, and the ultracap is a power device. Batteries have 10 times the power of an ultracap, and ultracaps have 10 times the power. I wouldn’t say ultracaps can “supercede” batteries, I’d say “complement.”
Either way, the the technology could help eliminate range anxiety or provide the same range with smaller batteries. It could also be applied to its energy storage businesses.
News of this acquisition is also significant because Tesla rarely purchases companies, preferring to innovate and implement its own technology solutions.
However, a Tesla spokesperson responded in email, “We are always looking for potential acquisitions that make sense for the business and support Tesla’s mission to accelerate the world’s transition to sustainable energy.”
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At a 2011 Cleantech Online Forum in San Francisco, Tesla CEO Elon Musk was estimated stating that the future of electrical automobiles would not be powered by lithium-ion,
(****************** )
If I were to make a forecast, I ‘d believe there’s a great chance that it is not batteries.
However capacitors.
“
(************ )Today he might be making great on his forecast. The electrical automobile producer validated that it has actually gotten a little San Diego laboratory that owns ultracapacitor patents and innovation.
Maxwell Technologies offers dry electrode production innovation that can be utilized to make to make batteries that power electrical automobiles and renewable resource systems. The business revealed that in an all-stock deal it will combine and end up being a completely owned by a subsidiary of Tesla.
(*********** )
” We are extremely thrilled with today’s statement that Tesla has actually accepted obtain Maxwell. Tesla is a well-respected and first-rate innovator that shares a typical objective of constructing a more sustainable future,” stated Dr. Franz Fink, President and President of Maxwell. ” Our company believe this deal remains in the very best interests of Maxwell investors and provides financiers the chance to take part in Tesla’s objective of speeding up the arrival of sustainable transportation and energy.”
The lithium-ion batteries presently utilized in electrical automobiles are costly and heavy, and putting sufficient battery cells on a the kinds of big, heavy automobiles that customers choose to provide a driving variety that equals traditional fuel tanks typically makes them cost-prohibitive (believe: $130,000 Design X). However ultracapacitors might be the secret that resolves this issue.
Capacitors shop energy like a battery, however they can be near immediately charged, offer instant bursts of energy, and have considerably higher durability, which resolves the battery destruction issue that lots of Tesla owners who regular Turbo charging stations encounter.
Nevertheless, Maxwell’s then-CEO Dave Schramm stated in 2011 that the innovation might enhance however not ‘supersede’ batteries:
Ultracaps in today’s setup can’t change batteries. They’re extremely various– the battery is an energy gadget, and the ultracap is a power gadget. Batteries have 10 times the power of an ultracap, and ultracaps have 10 times the power. I would not state ultracaps can “supercede” batteries, I ‘d state “enhance.”
In any case, the the innovation might assist remove variety stress and anxiety or offer the very same variety with smaller sized batteries. It might likewise be used to its energy storage companies.
News of this acquisition is likewise considerable since Tesla seldom purchases business, choosing to innovate and execute its own innovation services.
Nevertheless, a Tesla representative reacted in e-mail, ” We are constantly trying to find prospective acquisitions that make good sense for business and assistance Tesla’s objective to speed up the world’s shift to sustainable energy.”
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246821705426″ >
The battery pack of a dismantled Tesla Inc. Design 3 electrical automobile sits inside the Munro & Associates Inc. storage facility in Auburn Hills, Michigan, U.S., on Monday, Oct. 15,2018 (Credit: 2018 Bloomberg Financing LP) © 2018 Bloomberg Financing LP
.
.
At a 2011 Cleantech Online Forum in San Francisco, Tesla CEO Elon Musk was estimated stating that the future of electrical automobiles would not be powered by lithium-ion ,
. POST CONTINUES AFTER AD
.
If I were to make a forecast, I ‘d believe there’s a great chance that it is not batteries. However capacitors.”
.
Today he might be making great on his forecast. The electrical automobile producer validated that it has actually gotten a little San Diego laboratory that owns ultracapacitor patents and innovation.
Maxwell Technologies offers dry electrode production innovation that can be utilized to make to make batteries that power electrical automobiles and renewable resource systems. The business revealed that in an all-stock deal it will combine and end up being a completely owned by a subsidiary of Tesla.
“We are extremely thrilled with today’s statement that Tesla has actually accepted obtain Maxwell. Tesla is a well-respected and first-rate innovator that shares a typical objective of constructing a more sustainable future,” stated Dr. Franz Fink, President and President of Maxwell. “Our company believe this deal remains in the very best interests of Maxwell investors and provides financiers the chance to take part in Tesla’s objective of speeding up the arrival of sustainable transportation and energy.”
The lithium-ion batteries presently utilized in electrical automobiles are costly and heavy, and putting sufficient battery cells on a the kinds of big, heavy automobiles that customers choose to provide a driving variety that equals traditional fuel tanks typically makes them cost-prohibitive (believe: $ 130, 000 Design X). However ultracapacitors might be the secret that resolves this issue.
Capacitors shop energy like a battery, however they can be near immediately charged, offer instant bursts of energy, and have considerably higher durability, which resolves the battery destruction issue that lots of Tesla owners who regular Turbo charging stations encounter.
Nevertheless, Maxwell’s then-CEO Dave Schramm stated in 2011 that the innovation might enhance however not ‘supersede’ batteries :
. POST CONTINUES AFTER AD
.
Ultracaps in today’s setup can’t change batteries. They’re extremely various– the battery is an energy gadget, and the ultracap is a power gadget. Batteries have 10 times the power of an ultracap, and ultracaps have 10 times the power. I would not state ultracaps can “supercede” batteries, I ‘d state “enhance.”
.
In any case, the the innovation might assist remove variety stress and anxiety or offer the very same variety with smaller sized batteries. It might likewise be used to its energy storage companies.
News of this acquisition is likewise considerable since Tesla seldom purchases business, choosing to innovate and execute its own innovation services.
Nevertheless, a Tesla representative reacted in e-mail, “We are constantly trying to find prospective acquisitions that make good sense for business and assistance Tesla’s objective to speed up the world’s shift to sustainable energy.”
.
