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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