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.
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