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Energy Storage

Tesla acquires supercapacitor maker

by Marc S. Reisch
February 8, 2019 | APPEARED IN VOLUME 97, ISSUE 6

 

Electric vehicle maker Tesla has agreed to buy Maxwell Technologies, a maker of energy-storing supercapacitors, in an all-stock transaction valued at $218 million. Maxwell’s supercapacitors can augment the lithium-ion batteries Tesla makes. Also attractive to Tesla is a new electrode-manufacturing process, based on Maxwell’s capacitor technology, that can boost energy storage, increase durability, and lower manufacturing costs for lithium-ion batteries. Maxwell says the deal should close by June.

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