Speeding to the front of the global energy storage industry
is Oakridge Global Energy Solutions, Inc. (OTCQB: OGES). The company
specializes in creating cells, energy storage systems, and batteries, all while
proudly boasting a ‘Made in the USA’ label. Oakridge builds small and large
prismatic stackable lithium cells, which promise 25-30% more energy density
than those with a cylindrical format at a lower-cost. With more and more
companies and consumers going ‘green’, Oakridge is poised to become a major
contender in the energy solutions market.
Lithium-ion batteries are becoming popular among businesses
because of their eco-friendliness and efficiency. Lithium is the lightest of
all metals and has the greatest electrochemical potential, making it quite
powerful. Since these batteries have a high energy density, they are packed
with enough energy to power any electronic devices for a long time. Lithium-ion
batteries do not have to be primed when first used and also lose a minimal
charge over time, unlike traditional batteries. Overall, these batteries offer
lighter weight, faster charging times, and little maintenance, which only adds
to their appeal.
Part of Oakridge’s growth model is to target particular
industries and market their product. Specifically, the company targets the
motor industry with its Liberty Series, which includes lightweight motor
batteries for motorcycles, jet skis, boats, trucks, snowmobiles, and cars, giving
Oakridge a foothold in the rising electric vehicle trend.
According to Frost and Sullivan, the global market for
lithium batteries is expected to double from $11.7 billion in 2012 to $22.5
billion this year. The counseling firm attributes this increase in demand to
consumer goods and automobiles. To further back this claim, a report by
Bloomberg New Energy Finance sees a jump in electric car sales from 1% today to
35% by 2040. Along with this growth, the report predicts that 70% of
electricity added by 2030 will be ‘green.’ This means that future electric cars
will be powered by clean energy rather than fossil fuels.
These recent reports and analysis only contribute to
Oakridge’s vision of becoming a key player in the global energy storage
industry. The growing demand for cleaner, cost-effective, and more efficient
energy solutions should be a driving force in the company’s growth.
For more information, visit www.oakridgeglobalenergy.com
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