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Tesla Buys Battery Technology Firm Maxwell for $218 Million
The Street ^ | Monday, February 4, 2019 | Martin Baccardax

Posted on 02/05/2019 11:06:30 AM PST by SunkenCiv

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To: SunkenCiv

Well, he had a magnetic personality.....................


21 posted on 02/05/2019 12:00:10 PM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: SunkenCiv

....or i could just insert the key into my 2016 Camry and drive away.....

still....i haven’t watched the entire whole thing yet, the car is pretty cool..


22 posted on 02/05/2019 12:00:24 PM PST by mowowie
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To: SunkenCiv

And Tesla is named after Tesla.


23 posted on 02/05/2019 12:00:31 PM PST by Moonman62 (Facts are racist.)
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To: SunkenCiv

This could also help Tesla with their grid storage products:

September 05, 2018
System designed to ensure grid stability in transition to new energy generation mix

SAN DIEGO, Sept. 5, 2018 /PRNewswire/ — Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, today announced a grid energy storage subsystem design-in with Siemens to deliver economical, fast responding, long life grid voltage and frequency support solutions. The new Siemens Static VAR Compensator plus Frequency Stabilizer (SVC PLUS FS) enables ISOs, electric utilities and transmission system operators to have better control of their grids and reduce the risk of blackouts.

The combined effect of the rapid increase in solar and wind electricity generation with the decommissioning of traditional coal and gas-fired power plants runs the risk of increasing momentary grid imbalances due to less inertia in the grid. Power loss caused by these imbalances can result in significant economic damage for electricity consumers, as they may be dropped from the grid during periods of system instability.

The grid system inertia deficit is directly addressed in Siemens’ SVC PLUS FS through the use of ultracapacitor (supercapacitor) energy storage. Maxwell’s Grid Energy Storage Systems are an integral design element in the SVC PLUS FS that provide system inertia in the form of fast, active power injection, which bridges the time gap between grid disruption and the activation of secondary power reserves. The SVC PLUS FS can feed the reactive power needed for stable grid operation in less than 50 milliseconds. At the same time, up to 200 megawatts of electric power stored in the ultracapacitors can be transferred to the grid.

Due to their rapid response time at high power levels, long lifetime, and minimal maintenance, Maxwell ultracapacitors were selected as the energy storage asset of choice to provide grid frequency and voltage support. Moreover, due to the high power density of the ultracapacitor subsystem, the SVC PLUS FS takes up about two-thirds less space than a comparable battery storage solution at the reference power of 50 megawatts.

“Through a rigorous evaluation of various energy storage technologies and manufacturers, it became clear that Maxwell was the best partner for integration in the SVC PLUS FS solution based upon their capability to design and engineer grid-scale systems utilizing their field-proven commercial supercapacitor technology,” said Alexander Rentschler, head of product lifecycle management for transmission solutions at Siemens. “We look forward to deploying SVC PLUS FS, enabled by Maxwell’s Grid Energy Storage Systems, that will provide grid operators with an efficient and future-proofed solution to maintain grid power stability and enable more renewable power generation.”

SVC PLUS FS built by Siemens and enabled by Maxwell Technologies’ ultracapacitor solution secures the energy and bridging reserves necessary to provide protection against emergency grid system imbalances. As a result, grid reliability increases and the operational expenses for fossil based, short duration must-run generation, as well as GHG and CO2 emissions, are reduced. Further, the system is highly adaptable and flexible in the face of evolving grid demands. If additional power is required, grid operators can install additional ultracapacitor subsystems at a lower cost than investing in fossil-based reserve capacity or keeping older power stations operating in an inefficient stand-by mode.

“The Siemens partnership further validates Maxwell’s strategic expansion into grid system products and the market demand for fast responding, long asset life, ultracapacitor grid energy storage,” said Thibault Kassir, vice president and general manager of energy storage at Maxwell Technologies. “The SVC PLUS FS system is a breakthrough FACTS solution for grid operators, as they are faced with increased pressure to be more efficient and enable more solar and wind energy generation. We are very excited to be the chosen energy storage provider to Siemens in the deployment of their advanced systems.”


24 posted on 02/05/2019 12:01:29 PM PST by Moonman62 (Facts are racist.)
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To: SunkenCiv

Now it’s battery operated.


25 posted on 02/05/2019 12:02:04 PM PST by ImJustAnotherOkie (All I know is what I read in the papers.)
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To: dangus

Yes, it’s the end for Lithium. They project 10% average performance improvement year over year on average. Cobalt seems to be the Achilles heel right now.


26 posted on 02/05/2019 12:05:08 PM PST by ImJustAnotherOkie (All I know is what I read in the papers.)
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To: SunkenCiv

I would guess that Maxwell knows more about batteries than Tesla.

5.56mm


27 posted on 02/05/2019 12:06:37 PM PST by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: mowowie

8:30 look at that Dbag in the giant suv riding up on the ass of the car in front of him....typical


28 posted on 02/05/2019 12:10:14 PM PST by mowowie
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To: SunkenCiv; All

Here’s a simple question for all the stock experts here I suspect so simple that I can’t find an answer to it online (maybe I haven’t been searching well enough): what happens to the money of people who to this point have owned Maxwell stock?

What happens to their ownership? Do they now own stock in Tesla, or will they get a check for their stake in the company of Maxwell or what. How’s that work?

How does a buyout like this affect previous owners of the stock bought out, that’s my general question.

Thanks in advance.


29 posted on 02/05/2019 12:18:44 PM PST by FourtySeven (47)
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To: SunkenCiv

Hope they move the entire company to N Nevada....don’t want any employees to be victims of illegals that close to the border.


30 posted on 02/05/2019 12:38:38 PM PST by ridesthemiles
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To: FourtySeven
If the deal is approved (I believe it needs to go through the feds) the old company ceases to exist, and the shares are replaced by either shares in the acquiring company or in cash.

31 posted on 02/05/2019 10:57:03 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Reily
Somewhere around here are a bunch of disks of "You Bet Yourr Life", which I like a ton. Best game show, ever.

32 posted on 02/05/2019 10:58:44 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Red Badger
I thought Commander Data had that...

33 posted on 02/05/2019 10:59:39 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Moonman62
It's interesting how that worked out, considering that Maxwell has been around for a lot longer.

34 posted on 02/05/2019 11:00:44 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Moonman62
The combined effect of the rapid increase in solar and wind electricity generation with the decommissioning of traditional coal and gas-fired power plants runs the risk of increasing momentary grid imbalances due to less inertia in the grid.
They'll find that the only sustainable system is one based on surplus, and in the case of the electrical grid, load balancing.

35 posted on 02/05/2019 11:02:00 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: mowowie
:^) I viewed a few vids about the Kia E-Niro, which is similar in some specs to, but a better deal than, the Hyundai Kona electric.

36 posted on 02/05/2019 11:03:38 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Moonman62
As the company looks to deliver on its promise of the $35,000 mass-market Model 3, whatever helps in lowering the cost of production will be welcomed.
If Tesla, or rather, if anyone can build some basic but comfy EV, even if it's a two-seater, with better range (thanks to lower curb weight) and smaller batts (hence, quicker to recharge), and bring it in under $20K (acceptable trim package uniform for the entire model, a one-size-fits-all approach), they'll own the market for the foreseeable.

37 posted on 02/05/2019 11:07:22 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Rebelbase
Jack Benny Program: Jack at the Supermarket | uploaded Jan 18, 2011 by Jenny Li | YouTube

Rochester beat Jack in gin rummy and has taken the afternoon off to play golf, leaving Jack stuck with the household chores. Jack finds out how Rochester cheated and uses it to his advantage. Don Wilson and Dennis Day come to visit, and Dennis sings a song. Jack leaves for the supermarket, where he encounters Frank Nelson as a salesman. Jack's stingy stage character is shown when he sees a table of free samples of cake.



38 posted on 02/05/2019 11:17:08 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: Rebelbase; Reily
Whoops, sorry, my reply went awry.

39 posted on 02/05/2019 11:18:38 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: ridesthemiles
The Tesla vehicles are hard to steal, with the possible except of joyriding.

40 posted on 02/05/2019 11:20:35 PM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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