Lithium-ion batteries are common in home electronics. They
are one of the most popular types of rechargeable batteries for portable
electronics, with a high energy density, tiny memory effect and low
self-discharge. Beyond consumer electronics, lithium-ion batteries are also
growing in popularity for military, electric vehicle and aerospace
applications. For example, lithium-ion batteries are becoming a common
replacement for the lead acid batteries that have been used historically for
golf carts and utility vehicles. Instead of heavy lead plates and acid
electrolyte, the trend is to use lightweight lithium-ion battery packs that can
provide the same voltage as lead-acid batteries, so no modification to the
vehicle’s drive system is required. Oakridge Global Energy Solutions, Inc.
(OTCQB: OGES) is an integrated energy storage solutions company focused on the
design, development and manufacture of high-quality cells, batteries and power
systems.
Oakridge Global’s 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.
Pioneer work with the lithium battery began in 1912 under
G.N. Lewis, but it was not until the early 1970s when the first
non-rechargeable lithium batteries became commercially available. Lithium is
the lightest of all metals, has the greatest electrochemical potential and
provides the largest energy density by weight. Oakridge Global works on all
types of lithium-based battery power systems. With lead acid batteries being
gradually phased out around the world, lithium-based batteries are the
batteries of today and of the future.
The global market for lithium ion batteries is a fast
growing one that is expected to cross $30 billion by 2020, according to a
report on the Market Research website (http://dtn.fm/uvKK3). Oakridge Global
has indicated plans to expand its presence in a collection of markets
throughout Europe and Asia as it continues to build upon its established
product development and manufacturing infrastructure. The company will lean on
the expertise of its proven management team – which includes well over a
century of combined industry experience – as it looks to increase its share of
the $12 billion domestic battery manufacturing industry.
For more information, visit www.oakridgeglobalenergy.com
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