Brian - Effectively that is what the Novak Transcap does if i'm not mistaken...
http://www.shopatron.com/products/pr...ber=5685/135.0
Description
This is a Power Trans-Cap Module for use in high-voltage applications with an input voltage range from 4S to 6S Li-Po. This module includes an 1,800µF power capacitor rated at 35V and includes two transorbs to reduce ESC temperatures and provide protection for the ESC. This module is factory wired with 4 inches of red and black 16-gauge silicone wire, and solders directly to the ESC’s positive and negative battery solder tabs. Module is rated for use with 4-6S Li-Po packs. Exceeding this input voltage will damage the module.