NEW YORK, August 1, 2016 /PRNewswire/ --
Global shipments and market share data of advanced batteries in
2015 shows how widely used automotive and stationary energy storage
batteries have become. An analytical research by Navigant Research
reveals an impressive increase in demand for advanced batteries as
an alternative means to power electric vehicles as well as support
grid-tied stationary energy storage systems (ESSs). Oakridge
Global Energy Solutions, Inc. (OTCQB: OGES), AES
Corp (NYSE: AES), NRG Energy Inc (NYSE: NRG),
Albemarle Corporation (NYSE: ALB), Plug Power
Inc. (NASDAQ: PLUG)
The data was measured by cell shipments for the automotive and
stationary energy storage sectors, 99% of which were advanced
batteries made with Lithium-ion technology. The global Lithium-ion
manufacturing capabilities have significantly improved in recent
years, as governments around the world have provided friendly
conditions for companies in this field to boost EV manufacturing
and alternative energy capabilities.
While the automotive market is mostly focused on lithium
technology, the stationary energy storage market is more diverse.
Some systems use lead-acid batteries, flow batteries, sodium-metal
halide batteries, and Plug Power Inc. (NASDAQ: PLUG)
is using hydrogen fuel cells for stationary power. Yet, there are
companies working on new lithium technology products.
Small energy storage solution providers like Oakridge Global
Energy Solutions, Inc. (OTCQB: OGES) are now penetrating
the market. Last year the company announced a new product, the
Freedom IV stationary power storage, which will provide energy
storage for homes and businesses of 6.5KW hours up to more than
35KW hours. This April, Oakridge Global Energy Solutions revealed
that the Freedom IV will be ready for production shipments by the
end of second quarter. The company also announced today that it has
completed all design work on its new, ground-breaking "Generation
2" series of lithium-ion smart energy cell products and is now
readying them for commercial production during Q4, 2016
In addition, all these "Generation 2" products incorporate the
"cool design" elements of "Oakridge Design DNA" for not only
product cases but also packaging, which the company has developed
since undertaking the complete product line revamp in Q2, 2016,
under the leadership of its CEO, Steve
Barber, to give all its products a uniquely identifying
design stamp which enhances the entire customer experience. The
company also develops other battery lines: the Pro Series for Golf
Cars and the Patriot Series for the high-end hobby market, and the
Liberty Series of lightweight, highly powerful starter motor
batteries for motorcycles, jet skis, snowmobiles, boats, cars and
trucks. All the battery systems comprised of large and small format
prismatic lithium cells.
Earlier this month it was revealed what a big role stationary
energy storage lithium battery can play in powering our cities in
the near future. AES Corp (NYSE: AES) is now in contract
with Southern California Edison to provide the world's largest
storage lithium-ion battery which will be capable of holding and
delivering over 100 megawatts of power an hour for four
hours. The goal is to replace the traditional gas plant and
help southern California to keep
peak loads in control. The plant will come on line in 2021.
Other important players in the market include NRG Energy
Inc. (NYSE: NRG) and FMC Corp. (FMC). NRG
Energy has developed a diversified portfolio of power generation
products over the years and sees itself playing a key role in the
battery-backed renewable energy market in the "post-grid future".
FMC Corp has been focusing more on developing longer lasting
batteries for tablets, phones, power tools. The company also has
lithium based batteries for EV cars and power plants.
According to Navigant Research sales of lithium-ion batteries
for EV alone totaled 11.45 GWh in 2015, and by 2019, the
batteries will be pulling up annual energy capacity to 30.2
MWh.
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