It seems that lithium-ion batteries are everywhere, and the
battery chemistry is the fastest growing and most promising on the market
today. Lithium-ion batteries have numerous advantages: their high energy
density opens the possibility of higher capacities, they do not need prolonged
priming when new, they have relatively low self-discharge (less than half of
nickel-based batteries), they are low maintenance and specialty cells can
provide very high current to applications (a boon in cases such as power tools).
Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) has an innovative ‘Made in
the U.S.A.’ product line that 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.
Although the market for lithium-ion batteries spans many
verticals, in the clean energy sector they are most strongly linked with the
electric vehicle (EV) market. To meet market demand and to drive down pricing,
EV companies are investing heavily in research and development in the
lithium-ion space. Oakridge Global focuses on the design, development and
manufacture of high-quality cells, batteries and power systems.
According to Cantech Letter, the lithium-ion battery market
was worth $11.7 billion in 2012, and, by the end of this year, the market is
expected to double. Within this market, global demand for EV batteries was
5,662MWh in 2013 and is expected to jump to 31,100MWh in 2016.
Oakridge Global is positioned in a fast growing sector and
has the production facilities in place to take advantage of a spike in demand.
Lithium-ion battery demand is expected to see robust growth from now through
2019. This is due to its increasing demand across various application sectors,
such as automotive, wind, electronics, industrial and military. The market is
currently driven by its usage in the automotive sector in HEVs, trains and
trams.
For more information, visit www.oakridgeglobalenergy.com
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