Maxwell Technologies and CRRC-SRI Sign Long-Term Strategic Partnership Agreement
SAN DIEGO, CA: Maxwell Technologies, manufacturer of ultra capacitor-based energy storage solutions, announces its long-term strategic partnership agreement with China Railway Rolling Stock Corporation (CRRC-SRI).
The agreement will examine multi-year collaboration activities between the two companies to jointly develop new application-specific, next-generation capacitive energy storage solutions that meet the unique application requirements of CRRC-SRI's customers in the Chinese rail market.
Capacitive energy storage technology offers high-power density performance under extreme temperatures with long operational lifetimes and is ideally suited for rail transportation applications. Its applications can particularly be seen onboard commuter rolling stock modalities such as subway and light rail.
Maxwell was selected by CRRC-SRI based on several factors like development and delivery of high-quality ultra capacitor solutions which are proven in global transportation applications such as start-stop autos and hybrid buses, which require rapid braking, energy recuperation and power delivery.
Maxwell will work closely with CRRC-SRI to develop solutions uniquely designed to address challenges that the growing Chinese rail market faces and would face in the future.