Fuel Cells and Lithium Batteries Take on Market

Aug 09, 2016, 09:00 ET from FinancialBuzz.com

NEW YORK, August 9, 2016 /PRNewswire/ --

As technology progresses at a rapid pace, prolonging battery life has always been a top priority. The market has changed the battery since the launch of substantial lithium battery systems. These advanced systems could restore and handle much more power proficiently compared to the standard motor vehicle battery system. In comparison, the AGM battery power storage is much greater than the traditional lead acid batteries, but nothing is superior to lithium-ion as of now in the markets. Ultralife Corp. (NASDAQ: ULBI), Oakridge Global Energy Solutions, Inc. (OTCQB: OGES), Ballard Power Systems (NASDAQ: BLDP), Plug Power (NASDAQ: PLUG), and FuelCell (NASDAQ: FCEL).

Batteries are most often associated with powering devices to make life more enjoyable, but can also help improve lives. Currently in the United States military, lithium-ion batteries are being used extensively thanks to it being lightweight, so American troops won't have to carry heavy loads during their service. Ultralife Corp. (NASDAQ: ULBI) consists of two different business sectors: Battery & Energy Products and Communications. Ultra has developed Lithium Carbon mono-fluoride Manganese dioxide hybrid cells, which provides the advantages to increase performance when it comes to high capacity, energy density, discharge rate, long shelf life and enhanced functionality based on temperature.

US-based manufacturing company of lithium-ion smart energy cells for military, civilian and medical applications, Oakridge Global Energy Solutions, Inc. (OTC: OGES) is looking to position itself in this sector with their newest state-of-the-art technology of energy storage product line, "Generation 2" series of Lithium-ion "Smart Energy Cells" driven by the company's slogan "Build a better product. Built to last. Proudly made in the USA." This product line has allowed their customers to innovate in their chosen market. The "Generation 2" series, led by CEO Steve Barber, includes innovative lithium-ion smart energy cell products such as the "ProSeries 2", the Freedom IV Lite and Ultra-Lite portable energy packs, the Freedom V and the "UMed".

Oakridge Global Energy Solutions Inc. also stated that leading golf car manufacturers such as Yamaha, Ez-Go, Club Car and all universal models are eligible to be powered by their latest battery line, "ProSeries 2". The Freedom IV is a stationary power storage, the Freedom V is a living space energy storage unit, and the "UMed" is a portable universal medical device power pack for medical applications including continuous positive airway pressure units.

In addition, "Generation 2" uses the latest lithium ion energy cell technology, and equips the company with devices that outweighs their competitors based on performance along with utilizing the maximum benefits of their significant Japanese strategic relationships which Oakridge has put in place ever since the start of 2016.

In today's market, the selection of efficient, cleaner energy vehicles includes a vast variety of models from hybrids to plug-in electrics, to diesels and hydrogen fuel cells. Hydrogen powered vehicles were introduced many years ago but has finally entered the U.S market of last year. Important players in this market include Ballard Power Systems (NASDAQ: BLDP) and Plug Power (NASDAQ: PLUG).

Ballard is the global leader in proton exchange membrane fuel cell (PEMFC) technology that has delivered close to 150-megawatts of Ballard fuel cell stacks of clean energy solutions for its customers, with Plug Power being one of them. By using Ballard's fuel cell stacks, Plug Power was able to install over 2,800 GenDrive® systems with major companies such as BMW Group, Central Grocers Inc., Coca-Cola, FedEx Freight, Sysco Foods, Walmart Canada, and Wegmans Food Markets.

Integrated fuel cell company, FuelCell (NASDAQ: FCEL) is the largest DFC® power planet fleet that designs, produces, retails, installs, manages and services stationary fuel cell power plants up to 2.8-megawatts for distributed power generation. The system is appropriate for on-site applications with heavy load requirements such as infirmaries, academies, large facilities and treatment plants. The plants are accessible as multiple DFC3000 systems can be joined to deliver tens of megawatts of Ultra-Clean energy to the electric grid.

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