Ultracapacitor manufacturer Ioxus is to supply high-powered ultracapacitors to power equipment firm FlexGen Power Systems for use in solid state generator drilling projects.
The technology from Ioxus will play an important part as FlexGen delivers more than 25 drilling systems over the next two years, the companies said.
Flexgen provides power equipment for military, oil & gas, marine, and mining and industrial operations. The firm’s hybrid solid state generators combine energy storage and power conversion technologies.
“We evaluated a number of suppliers in the ultracapacitor market and Ioxus’ performance, reliability and cost are unmatched,” said Josh Prueher, FlexGen Power Systems CEO.
Ioxus has recently boosted its operations in Europe with the appointment of Wolfram Krueger as vice president of European sales. In April the company received $21m in funding from the International Finance Corporation (IFC) and venture capital firm the Westly Group, with which it plans to expand operations in China.
In more ultracapacitor news, ABB is to use Maxwell Technologies ultracapacitors in a project to expand the US city of Philadelphia, Pennsylvania’s rail lines.
ABB plans to install a hybrid version of its Enviline energy recovery and storage system for the Southeast Pennsylvania Transit Authority’s (SEPTA) light rail system. The company says it has now incorporated Maxwell ultracapacitors in a new hybrid configuration.
“By incorporating ultracapacitors, we will recover more braking energy, produce higher revenues from frequency regulation and extend battery life,” said Jacques Poulin, ABB’s product manager for energy storage and rail. “The SEPTA model is the first of its kind in the world, going beyond the recovery of braking energy by also helping the electricity grid to be more stable and efficient with fast regulation support.”
“Transportation is the world’s largest energy consumer, so deployment of systems that conserve energy and reduce fuel consumption and emissions are creating tremendous long-term growth opportunities for our leading ultracapacitor technologies,” said John Warwick, Maxwell’s interim president and CEO.
