UCAP Power, Inc. acquires assets from Maxwell Technologies
18 July 2021
UCAP Power, Inc., a developer of ultracapacitor-based power solutions, has completed the purchase of Maxwell Technologies Korea, the Korean-based ultracapacitor business, as well as other related assets including the Maxwell brand and system patents and products.
UCAP recently introduced the POWERBLoK battery replacement solution. POWERBLoK incorporates integrated charging and control to offer a scalable, long-life, safe sustainable alternative to lead-acid batteries.
UCAP is focused on further growing the market for ultracapacitor-based solutions, with specific focus on three main areas:
Systems and application expertise - Moving beyond ultracapacitor as a component.
Intelligent electronics integration - Increasing value while reducing overall system costs.
Advanced chemistry and processes - Resetting traditional standards with a green emphasis.
San Diego-based UCAP Power provides ultracapacitor-based power solutions across a wide range of renewable markets. Established in 2019, the company was founded by proven leaders in the ultracapacitor market, who had previously held positions in Maxwell Technologies’ leadership and product teams prior to Maxwell’s acquisition in 2019.
UCAP Power is a portfolio company of EvoNexus, California’s leading non-profit technology incubator and a member of Southern California Energy Innovation Network (SCEIN).