Founded by Dr. Pavel Lazarev and based in Palo Alto, California, Capacitor Sciences Incorporated is an innovative start-up specialized in study and research in the field of new energy storage molecules.
The acquisition will enable Blue Solutions to introduce innovations developed by Capacitor Sciences Incorporated into the design and industrialization of its electricity storage products (Lithium Metal Polymer batteries and supercapacitors), thereby substantially improving performance (density, cyclability and charge rate).
The acquisition is consistent with the industrial strategy of the Bolloré Group, which has been investing in a research and development program in electricity storage technologies and its applications (electric buses and cars and stationary solutions) for nearly 25 years.
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Publicly traded since October 30, 2013, Blue Solutions is the company that manages the electrical storage operations developed by the Bolloré Group.
By diversifying its historical business of producing paper and ultrathin plastic film, the Bolloré Group has become a producer of complete electrical components for capacitors, and now holds over one- third of the global market. With this expertise and nearly 25 years of R&D, the Group has engineered electrical storage solutions and batteries that rely on a unique technology, the LMP® (Lithium Metal Polymer) battery as well as supercapacitor technology. The batteries are employed both in mobile applications (electric vehicles) as well as stationary ones (storing electricity for individuals, businesses, local governments, etc.) developed and sold by other Group entities through Blue Applications, which since 2011 has been rapidly growing on every continent.