When it comes to changing the way consumers think about
powering golf carts and other lightweight NEVs (neighborhood electric
vehicles), a job typically left to highly toxic lead-acid batteries, Galenfeha,
Inc. (OTC: GLFH) isn’t content to just rest on the superb performance laurels
of their lithium-iron phosphate (LiFePO4, or LFP) technology. The company
maintains a lasting commitment to developing systems that are environmentally
sustainable, in addition to going above and beyond the technical and logistical
demands of their clients and target markets. Currently a hot ticket item for
the NEV space, the company’s proprietary LFP technology, which has also been
successful in the high-capacity standalone power supply unit space for oil and
gas drilling operations – who require long-lasting, robust performance and
extremely safe function, even under high temperatures and vibrational forces –
may one day emerge as a leading contender in broader applications as well.
NEVs have emerged in recent years to fulfill an increasingly
diverse set of roles and, far beyond just golf carts, which are now used for a
wide variety of mobility functions. This growing sector sees action in mining,
light-haul, and even military applications, like souped-up NEVs for getting
around a base. However, the typical lead-acid batteries used in such
applications represent a serious environmental risk, as a single improperly
disposed of lead-acid battery can contaminate more than 25 tons of municipal
solid waste if it is simply thrown in the garbage. Consequently, the lead-acid
battery recycling industry is also classed as one of the most pollutive on
earth.
The standard lithium-ion batteries in use by the vast
majority of small electronics today, like cell phones, laptop computers and
digital cameras, have a similarly pollutive environmental risk factor, cobalt.
Lithium-cobalt oxide (LiCoO2, or LCO) batteries, like the kind produced by
Panasonic for use in powering the vehicles of world-renown EV maker (and now
the largest consumer on earth of lithium-ion cells) Tesla, pose an
environmental risk due to cobalt production and potential for improper
disposal. Tesla has worked out most of the kinks here, but the broader LCO
sector hasn’t, leading many analysts to increasingly question just how green
LCO technology really is. The EPA has identified cobalt as posing a significant
environmental risk. Cobalt doesn’t entirely break down in the environment,
instead it can bioaccumulate and build up to toxic levels in tissues like the
heart, kidneys and liver, as well as in skeletal system tissues, where it has
been found to produce tumors in animals.
Cobalt is flagged as a potential human carcinogen by the
IARC (International Agency for Research on Cancer). LCO batteries run a
substantial risk of overheating and outgassing, a problem Tesla largely solved
for their own vehicles through ingenious proprietary compartmentalization and
cooling technologies. However, there is a sizeable health risk that underscores
the environmental impact of industrial plant pollution. Cobalt gets into the
atmosphere at such industrial plants and settles in the food and water supply,
leading to abnormally high levels in some industrial areas, with as much as
0.61 micrograms per cubic meter in the air, 107 micrograms per liter in the
water, and up to 40 micrograms a day of intake from consumed foodstuffs
previously observed in EPA studies.
An Abt Associates 2013 study on the potential long-term
impact of lithium-ion batteries for electric vehicles done for the EPA, showed
that not only were batteries using cobalt, nickel and solvent-based cathodes
the highest risk for both negative health and environmental impacts like
ecological toxicity, but that the increased electrical grid capacity needed to
charge lithium-ion batteries for EVs contributes a great deal to increasing
climate change factors. Daunting concerns, especially when you look at a recent
report by Navigant Research forecasting that the lithium-ion market, driven in
large part by EV production, is on track to hit $24 billion by 2023. Tesla is
building a $5 billion Gigafactory to produce enough cells to continue the
growth of the company’s car manufacturing as well as fuel the home-based
storage and backup solution (Powerwall) currently in design. The time has come
to take a closer look at the underlying long-term impact of lithium-ion
electrochemistry, the drawbacks of LCO, and the potential benefits of LFP.
The thermal stability of the iron cathode in Galenfeha’s LFP
batteries prevents overheating, and because the batteries create no gas when
charging, they are extremely safe overall. More importantly, iron phosphate,
other than being used to control snails and slugs on food crops, is not harmful
to humans, other organisms, or the environment. In fact, iron phosphate is a
common human nutritional supplement that is often added to foodstuffs like
bread, milk and pasta in order to nutritionally to fortify them, and it is
designated GRAS (Generally Recognized As Safe) by the FDA. Galenfeha’s
batteries are capable of delivering as much as 40 percent higher usable voltage
in high-demand applications than lead-acid batteries and manage to resolve a
substantial portion of the lower energy density concerns that have kept this
technology in the backdrop of the lithium-ion space for years. Beyond
overcoming most energy density problems historically considered the main reason
to opt for LCO over LFP, Galenfeha’s batteries also exhibit enhanced benefits
of LFP, with the company’s proprietary adaptations, like their Battery Management
System (BMS), playing off the inherent advantages of LFP electrochemistry.
Advantages like an ability to maintain a charge longer,
discharging less than 10% per year when left dormant, better power density
(rate that energy can be drawn), and a much longer lifespan that is increased
further by a BMS designed to keep the individual cells healthy, and protect
them from overcharge. In fact, the beauty of LFP technology, especially
advanced designs like Galenfeha’s GLFH-30 (30AH 12V), GLFH-40 (40AH 12V) and GLFH-120
(120 AH 12V), is that over the life of the unit, they actually rival and
eventually surpass LCO batteries when it comes to energy density. Moreover, the
extremely consistent discharge voltage mentioned above (which allows for a
consistently high voltage output until the battery is exhausted), combined with
a higher current or peak-power rating than LCO, a much lower rate of capacity
loss (even when it just sits there), and a 90 percent charge efficiency that
effectively lowers the overall charge time and electricity bill, means that on
the whole, Galenfeha’s LFP technology helps cut down on the environmental
impact from electricity generation.
Who knows where such innovative LFP technology might one day
lead us? Perhaps to a very bright future indeed, especially if other innovators
like Tesla decide to push the state of the art in iron phosphate cathodes,
instead of just managing the drawbacks of LCO and going after the higher
initial energy density benefits. At any rate, GLFH is committed to moving the
ball down the field and doing so in an environmentally friendly manner, every
step of the way.
Learn more about the company by visiting www.galenfeha.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment