The goal of this paper is to analyze ion relaxation around a charged electr
ode taking into account finite ion volume and frequency. Time-dependent and
electrostatic equations for ion behavior near an electrode are developed a
nd include the effects of nonequilibrium and steric hindrance. Time-depende
nt wave equations for the potentials are developed in the Lorentz gauge. Th
e charge density is expressed as a sum of the quasi-steady state solution p
lus a nonequilibrium term. For slowly changing potentials the ions are in q
uasi equilibrium and we show that in this limit the potential satisfies the
sinh-Gordon equation. New solutions to this nonlinear time-dependent equat
ion are developed. In the low voltage limit the equation reduces to the Kle
in-Gordon equation, time-dependent analog of the Debye-Huckel equation. We
also present equations for capacitance and surface charge.