Maxwell Technologies is an American corporation that specializes in energy tech. It has existed for decades and decades. However, there are a lot of people who have just heard about it because of its acquisition by Tesla. Here are 10 things that you may or may not have known about Maxwell Technologies:
1. Founded in 1965
Maxwell Technologies isn’t what one might call a recent start-up. Instead, it is a mature corporation with a proven record of success in its chosen field. For proof, look no further than the fact that it was founded in 1965, meaning that it has managed to keep on running for decades and decades.
2. Specializes in Energy Storage
One of Maxwell Technologies’s specialties is energy storage. In short, this would be the capture of energy for use at a later point in time, which in a lot of cases, means converting a kind of energy that is difficult to store into another kind of energy that is either cheaper or more convenient to store.
3. Specializes in Power Delivery
Another one of Maxwell Technologies’s specialties is power delivery. This refers to the processes needed to get electricity from where it is generated to where it will be used by the intended consumer. Energy storage and power delivery are very much related fields, as shown by when excess production from power plants at low-demand times is stored for use at high-demand times.
4. Used to Be a Government Contractor
Initially, Maxwell Technologies was a government contractor that provided R&D services to the U.S. military as well as other components of the U.S. government. As such, it was called Maxwell Laboratories until the mid 1990s when it renamed itself Maxwell Technologies following a change in focus to consumer products in the early 1990s.
5. Provides Products to a Wide Range of Industries
There are some energy tech companies that specialize in providing products to a particular industry. Maxwell Technologies isn’t one of them, seeing as how its products can be seen in a wide range of industries. For example, some of its products are meant for industrial purposes. In contrast, other products see use in electronics as well as renewable energy.
6. Has Been Known to Make Computers
With that said, it is interesting to note that Maxwell Technologies has been known to make computers as well. This can be seen in 2007 when it provided seven computers to the European Space Agency’s Gaia. For those who are unfamiliar with that name, Gaia is a space observatory meant to create the biggest 3D space catalog that can be found so far, which will encompass about 1 billion astronomical objects in total. As for why people would want to set up a telescope in space, well, the answer is that space-based telescope can bypass a lot of problems that plague their land-bound counterparts, with examples ranging from scintillation to light pollution.
7. Has Manufacturing Facilities in Peoria, AZ
Maxwell Technologies is headquartered in San Diego. However, it has some of its manufacturing facilities situated in Peoria, AZ. In short, Peoria is a city that sits in both Maricopa and Yavapai Counties. It is one of the most notable suburbs of Phoenix, though it is a fair-sized city in its own right.
8. Has Been Developing Ultracapacitors
In recent times, Maxwell Technologies has been focused on making ultracapacitors that possess a number of potential upsides compared to existing energy storage solutions. For example, they can hold much more electric charge than other energy storage solutions. Likewise, they can accept as well as deliver electric charge much faster than existing batteries.
9. Tesla Is Believed to Have Bought Maxwell Technologies Because of Energy Tech
Currently, Tesla is believed to have bought Maxwell Technologies because of its energy tech. The line of speculation is that it wants to use that energy tech to make improvements to its systems for its electric vehicles, which makes sense because it is such a natural fit.
10. The CEO Has Spoken in Favor of the Buyout
Maxwell Technologies’s CEO Franz Fink has spoken in favor of the buyout. To be exact, he stated that the buyout is in the corporation’s best interests. Moreover, Fink mentioned that the two corporations shared the goal of building “a more sustainable future.”