Green Investment - Maxwell Technologies (MXWL)
Maxwell (MXWL) designs ultracapacitors, battery-like devices that store energy electrostatically rather than generating energy chemically, like a battery. A Maxwell (MXWL) ultracap is 10 times lighter and holds 10 times as much energy as a comparably sized lead acid battery. It also charges and discharges energy much faster than batteries and can run perhaps one million times without degradation of performance. NASA, cell phone tower owners, and wind turbine makers have all been using ultracaps with success to store and regulate power. The next wave of growth is coming from vehicles. Some 200 transit buses nationally already use $10,000 worth of ultracaps to store energy from braking, using them to accelerate up to 35 MPH before the engine needs to engage. That slashes fuel usage by 25% and emissions by 75%. China is evaluating the technology for its massive domestic bus fleet. More immediately, Continental AG expects to sell 1 million micro-hybrid packs for highly efficient diesel cars in Europe through 2013 – each pack will have $100 of Maxwell (MXWL) ultracaps installed.