Maxwell Gets $500K to Advance Ultracapacitor Technologies

6/29/11

San Diego ultracapacitor maker Maxwell Technologies (Nasdaq: MXWL), says it’s getting more than $500,000 in government funding to collaborate on energy storage and R&D programs with three other U.S. companies. Maxwell and Yardney Technical products of Pawcatuck, CT, will get $300,000 under a Small Business Innovation Research grant to integrate Maxwell’s high power-density with Yardney’s high energy-density batteries. Maxwell and two Ohio-based materials makers also will share $200,000 from Ohio’s Third Frontier program to develop a domestic source for high-performance, low-cost carbon used in ultracapacitors and to determine how graphene might be used to increase the energy density of ultracapacitors.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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