Oakridge Global Energy Solutions is an integrated energy
storage solutions company that uses state-of-the-art technology in the design,
development and manufacture of high-quality cells, batteries and energy storage
systems. The company is committed to ushering in a brand new era in battery
manufacturing, and a quick look at its core values highlights the commitments
that help Oakridge differentiate itself from the competition in the stored
energy marketplace.
An unrelenting dedication to corporate pride and commercial
success forms the foundation of the Oakridge business model, and a commitment
to innovation has allowed the company to develop a diverse, ‘Made in the
U.S.A.’ product line that addresses four high-demand target markets – including
motive applications, stationary living space power, remote control and portable
devices, and starter motor batteries. In October, Oakridge expanded on this
formula by announcing the production release of its Pro Series product line of
heavy duty battery systems for task-oriented vehicles.
“This is a very exciting product line and we are really
pleased with the way that it underscores our mission statement of on-shoring
jobs and manufacturing back to the U.S.A. by providing the market with another
Made in the U.S.A. product instead of having to rely on imported products,”
Steve Barber, executive chairman and chief executive officer of Oakridge,
stated in a news release.
The company’s focus on bringing manufacturing jobs back to
the U.S. has caught the attention of local lawmakers and entrepreneurs. Last
month, Oakridge was recognized by Florida Governor Rick Scott following the
launch of its new corporate headquarters and manufacturing center in Palm Bay.
The expansion, which is part of Oakridge’s existing and ongoing $270 million
investment in its lithium-ion battery development and manufacturing facilities
in Brevard County, Florida, is expected to create approximately 1,000 new jobs
in the community.
According to a study by Research and Markets, the global
lithium-ion battery market is expected to grow at a CAGR of 14.4 percent over
the next four years, reaching $33.1 billion by 2019. While much of this growth
is expected to occur in the automotive sector, global sales of lithium-ion
powered energy storage systems are also expected to increase from less than $2
billion in 2015 to roughly $6 billion by 2020.
By providing high-quality products that address a number of
viable markets, Oakridge is in a strong position to capitalize on this market
growth in the years to come. Look for the company to build upon the early
success of its current product line as it continues to target key niche market
segments with its lithium-ion battery products in the future.
For more information, visit www.oakg.net
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