https://www.teslaoracle.com/2021/07/23/tesla-sells-maxwell-technologies-since-its-not-needed-anymore/ Skip to the content Search [svg]Tesla OracleTesla Oracle Menu * Cybertruck * Model Y * Model 3 * Model S * SpaceX * More + Drag Racing + News + Model X + Roadster + Semi Truck + Autopilot (FSD) + Software Updates + Elon Musk + Gigafactories + Quarterly Financials Menu Search Search for: [ ] [Search] Close search Close Menu * Home * News * Roadster * Cybertruck * Model Y * Model 3 * Model S * Software Updates * SpaceX * Quarterly Financials * MoreShow sub menu + Drag Racing + Model X + Semi Truck + Autopilot (FSD) + Elon Musk + Gigafactories * Cybertruck * Model Y * Model 3 * Model S * SpaceX * MoreShow sub menu + Drag Racing + News + Model X + Roadster + Semi Truck + Autopilot (FSD) + Software Updates + Elon Musk + Gigafactories + Quarterly Financials * Twitter * Facebook * Pinterest * Flipboard Categories Battery Tech News Tesla sells Maxwell Technologies since it does not plan to use ultracapacitor technology * Post author By Iqtidar Ali * Post date July 23, 2021 * No Comments on Tesla sells Maxwell Technologies since it does not plan to use ultracapacitor technology Advertisement Elon Musk says it's ironic that Tesla had to sell Maxwell Technologies, Inc. which the Silicon Valley-based automaker acquired in 2019. Tesla bought Korea-based Maxwell Technologies to take advantage of its research and development in super and ultracapacitors that would help advance the battery tech. But according to a recent tweet by Elon Musk, Tesla has learned what it needed to out of the Maxwell acquisition within the past two years. Musk says that the battery tech using lithium ion alone is enough to transition the world to sustainable energy even without any significant advancement in current technology. [svg]Tesla Accessories by EVANNEX.- Sponsored - Ironic indeed, as I was at one point going to do my PhD at Stanford on high energy density capacitors for use in electric vehicles. But lithium-ion has it covered. Even with no advances in lithium-ion technology, it's possible to transition Earth to sustainable energy. -- Elon Musk (@elonmusk) July 21, 2021 Musk further explains that the secret ingredient to lowering cost of lithium-ion batteries is "dry electrode". It is one of the many pieces of the puzzle in the cost reduction of li-ion batteries, several of which he explained during the Battery Day presentation and further explained by Sandy Munro in one of his videos. Tesla has taken the dry electrode technology blueprint from Maxwell and has further invested in its development heavily, "it has required an *immense* amount of engineering to take Maxwell's proof-of-concept to high-quality, volume production & we're still not quite done," Musk stated on Twitter. Dry electrode is a key piece (one of many pieces) of the puzzle for lowering cost of lithium batteries. That said, it has required an *immense* amount of engineering to take Maxwell's proof-of-concept to high-quality, volume production & we're still not quite done. -- Elon Musk (@elonmusk) July 21, 2021 Tesla, Inc. has sold Maxwell Technologies to UCAP Power, Inc. a San Diego-based company that aims to bring the ultracapacitor technology to the commercial mainstream. UCAP Power announced this acquisition in a press release on July 14th. UCAP Power's company page description on LinkedIn reads as follows: UCAP Power, Inc. brings commercially available Ultracapacitor technology into the mainstream. The founders, proven leaders formerly from Maxwell Technologies' leadership and product management teams, formed UCAP Power after Maxwell's recent acquisition by Tesla. UCAP Power develops innovative, adaptable products for a range of applications that make it easier for our clients to choose superior power storage solutions. Markets include "retrofit" replacement strategies for lead-acid battery technology in wind energy and generator reserve power. Source: UCAP Power on LinkedIn According to my research, at least 3 of the core team members including the CEO of UCAP Power previously worked at Tesla. UCAP Power CEO Gordon Schenk left Tesla, Inc. in June 2019 as Vice President of Sales, Americas, Australia & New Zealand (for Maxwell division). General Manager & Vice President at UCAP Power Troy Brandon previously worked at Tesla as Sr. Product Line Manager who also left the automaker in June 2019. Jesse Rivero, a Sr. Mechanical Engineer at UCAP Power also worked at Tesla as a Mechanical Engineer and left the company in August 2019. Troy Brandon and Jess Rivero both were Maxwell Technogies employees before transitioning to Tesla. Stay tuned for more, follow us on Google News | Flipboard | RSS (Feedly). * Tags Maxwell Technologies, UCAP Power, Ultracapacitors [svg][1ace748e4523afd083b72] By Iqtidar Ali Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. 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Please contact the developer of this form processor to improve this message. Learn More {{/message}} Submitting... * Twitter * Facebook * Pinterest * Flipboard Tesla Oracle A Tesla, Elon Musk, and EV news and information resource. Disclaimer: Not affiliated or officially linked with Tesla Inc. in any way. Privacy Policy | Cookie Policy Recent Posts * Tesla sells Maxwell Technologies since it does not plan to use ultracapacitor technology July 23, 2021 * SpaceX performs 1st static fire test on the Super Heavy rocket booster (video) July 22, 2021 * Auto Shift is coming to Tesla Model 3 and Y as an option, says Musk July 21, 2021 * Tesla Model S Plaid performs 0-60 mph in 1.99s on the street (video) July 20, 2021 * Tesla opens the monthly subscription option for Full Self-Driving July 19, 2021 (c) 2021 Tesla Oracle To the top | Up |