Maxwell Technologies Announces Ultracapacitor Grid Energy Storage Subsystem Design-in with Siemens Transmission Solutions to Stabilize Global Power Grids
MAXWELL TECHNOLOGIES (MXWL)
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Source: PR Newswire
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 inerti
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