The global market for lithium ion batteries is a fast
growing one and is expected to cross $30 billion by 2020. It continues to
advance as high power and high capacity cells increase penetration into
large-format applications. Vying for market adoption, the lithium-ion chemistry
competes heavily with established energy storage technologies, such as lead
acid, in many of these applications. However, key performance characteristics
have enabled lithium-ion to increase market penetration, resulting in growth
opportunities. Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) has two
production facilities in Melbourne, Florida, making high quality lithium-ion
batteries with the ‘Made in the USA’ label.
Lithium-ion batteries are most commonly used in small
consumer devices like smartphones and laptops. However, more recently,
lithium-ion technology is being used in electric vehicles and storage
applications. The electric car market is growing rapidly and, after visiting a
local Tesla Motors, Inc. (NASDAQ: TSLA) dealership, the reasons are obvious.
Someone can buy an electric car with 762 horsepower, drive it for 300 miles,
recharge it from any common outlet or charge station for free, and continue on
their cross-country trek. When buying an electric car, the purchaser receives a
substantial tax credit and doesn’t have any maintenance issues – like an oil
change or tire rotation – for 50,000 miles.
Oakridge Global is in position to benefit from this growing
trend. Its innovative ‘Made in the USA’ product line includes multiple
lithium-ion technologies and form factors that are optimized to address three
high-demand target markets – including stationary and grid storage; motive
applications, such as electric and hybrid electric fleet vehicles; and
specialty applications, such as military, aerospace, marine, medical and
telecom backup.
It’s only a matter of time before people begin calculating
their yearly gas bill and compare it to the more efficient, environmentally
friendly electric vehicle option. Charge stations are multiplying rapidly and
many hotels are jumping on board by adding them to locations across the
country. Oakridge Global offers a high quality product with domestic roots and,
more importantly, domestic jobs. ‘Made in the USA’ is beginning to mean
something again, and people are taking this into consideration when shopping
for big purchase items such as cars, motorcycles, boats, RV’s, etc.
For more information, visit www.oakridgeglobalenergy.com
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