NEW YORK, September 7, 2016 /PRNewswire/ --
Our priorities regarding our energy sources are shifting due to
innovation in new energy technology sectors are growing rapidly.
One of the most interesting sectors of development has been the
lithium-ion batteries market, which is already being used in a wide
array of applications. Recently published research on the global
battery energy storage market for smart grid by Technavio, a
research company which focuses on emerging market trends, claims
that the li-ion batteries segment is projected to reach 3,130 MW by
2020, growing at a CAGR of close to 72%. Tesla Motors
Inc. (NASDAQ: TSLA), Oakridge Global Energy Solutions,
Inc. (OTCQB: OGES), AES Corp (NYSE: AES),
FMC Corp (NYSE: FMC), Albemarle Corporation (NYSE:
ALB)
The challenge to produce lithium-ion batteries on mass
production levels have been associated with high production costs.
Companies like Tesla Motors Inc. (NASDAQ: TSLA)
however, invested heavily in innovation and production of such
batteries, have helped to bring the cost down. Tesla's goal is to
reach the price of USD100/kWh by
2020, which is expected to boost the Li-ion battery market
significantly.
These batteries can be used in a variety of ways, and small
companies like Oakridge Global Energy Solutions, Inc.
(OTCQB: OGES) are developing smart energy cells for military,
civilian and medical uses. Oakridge Global Energy Solutions have
several battery lines: the Pro Series for Golf Cars and the Patriot
Series for the high-end hobby market, which have now been followed
by the Freedom Series for living space power storage applications,
and the Liberty Series of lightweight, highly powerful starter
motor batteries for motorcycles, jet skis, snowmobiles, boats, cars
and trucks. Last month the company announced it has purchased
state-of-the-art Lithium-ion battery manufacturing equipment worth
$1.2 million USD.
Oakridge Global Energy Solutions, Inc. just announced it
has established a joint venture with Toyo-System of Japan for the design and manufacture of
state-of-the-art battery management systems for its Generation 2
Smart Energy Cell range. Steve
Barber, CEO and Executive Chairman of Oakridge, said: "Our
joint venture with Toyo-System of Japan further extends the important strategic
alliances with our Japanese partners as part of our commitment to
excellence in the pursuit of world-leading technologies for
incorporation into our game-changing Generation II Smart Energy
Cells. Toyo-System is a leader in providing innovative solutions
for the Lithium Ion battery market, and this new relationship will
enable us, together, to design and manufacture the highest quality
battery management systems for our Smart Energy Cells which
optimize their functionality and performance. It greatly enhances
Oakridge's ability to deliver a world-class, cutting-edge
product."
AES Corp (NYSE: AES) operates a diversified
portfolio of electricity generation and distribution businesses.
The company is an example of how storage lithium batteries can play
a role is helping powering our cities. Earlier this summer AES
signed a 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.
FMC Corp (NYSE: FMC) is a diversified chemical
company serving agricultural, consumer and industrial markets. The
Company operates through three business segments: FMC Agricultural
Solutions, FMC Health and Nutrition, and FMC Lithium. FMC is
consistently innovating when it comes to lithium batteries, to find
better ways to meet world's growing demand for longer lasting
batteries for tablets, phones, power tools, EV cars and power
plants. Company's shares are up 20% year to date.
The increasing need for lithium means benefit for supplier.
Albemarle Corporation (NYSE: ALB) is a developer,
manufacturer and marketer of specialty chemicals across a range of
end markets, and according to Forbes is one of four huge
conglomerates that control much of the world's lithium supply. In
2015 the company acquired Rockwood Holdings, parent company of
Rockwood Lithium for $6.2 billion.
Currently Albemarle is trading near all-time highs.
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