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