- 10 Jan
Maxwell Unveils Improved Version of Ultracapacitor 3.0V
Maxwell Technologies Inc. MXWL recently unveiled its latest product line of ultracapacitors — 3.0-volt (3.0V).
Users of Maxwell’s existing 2.7-volt product line can use the 3.0-volt to boost energy and power, by using fewer ultracapacitor cells or modules. This makes the new ultracapacitors cost efficient. Users may also totally upgrade their system to the 3.0V version, which, in turn, would extend the life expectancy of the products. Basically, with 3.0V small cells, Maxwell’s XP brand has been reformed to a more user-friendly version.
Significance of Ultracapacitors
Ultracapacitors are electrical energy storage devices that have the ability to store a large amount of electrical charge. With the increasing predominance of renewable energy, more wind turbines are getting installed these days, which require more energy storage to ensure pitch control during critical moments. This, in turn, has pushed up the demand for ultracapacitors.
On the other hand, the rapidly expanding e-commerce market has amplified ultracapacitors’ demand in warehouses to provide Automated Guided Vehicles (AGVs) with high power and fast charging capabilities. Moreover, the demand for enhanced connectivity in smart meters for gas, water and electric utilities requires high power functionality to improve accurate meter readings and response time to customers.
Maxwell’s latest 3.0V platform comes with the highest energy and power in the company’s portfolio. Undoubtedly, this product line can very well satisfy the increasing demand for ultracapacitors across varied markets offering cost-effective solutions to the customers.
A host of policy and market developments have set the stage for faster energy storage growth in the United States. These includes Xcel Energy’s XEL plan for 275 MW of batteries to support nearly 2 GW of wind and solar power, or NV Energy’s plan for 100 MW of storage to accompany more than a gigawatt of new solar.
And not only in the United States alone, the energy storage market has been growing significantly across the whole world. The growing cost-competitiveness of carbon-free energy sources, along with improving technology and more environmentally conscious government policies, are spurring demand for batteries in both transportation and utility power sectors.
Such developments must have led Bloomberg New Energy Finance (BNEF) to predict that the global energy storage market will grow to a cumulative 942GW by 2040, attracting a whopping $620 billion in investments. With the next-generation Ultracapacitors playing the role of a key catalyst in this market, Maxwell surely holds a strong growth potential, with additional small, medium and large cells of its 3.0v platform coming out in the near future.
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