Maxwell Technologies has signed a memorandum of understanding with SK Innovation to develop energy storage products leveraging SK’s lithium-ion batteries and Maxwell’s ultracapacitors.
In a statement, the two companies said they would explore and identify global commercial opportunities for products that enable enhanced functionality and improve energy efficiency in industrial, transportation and other markets.
David Schramm, Maxwell’s president and chief executive officer, said: “Maxwell has always believed that ultracapacitors and batteries can be integrated to provide optimized products that offer the best of both worlds in terms of energy and power. We are very pleased to have found a major lithium-ion battery producer in SK Innovation that is willing to invest in joint product and market exploration.”
Stephen J. Kim of SK Innovation’s battery division said: “Our goal is to develop truly differentiated products that will create large new opportunities for both companies.”
