Lithium-ion batteries are common in home electronics. They are one of the most popular types of rechargeable batteries for portable electronics, with a high energy density, tiny memory effect and low self-discharge. Beyond consumer electronics, lithium-ion batteries are also growing in popularity for military, electric vehicle and aerospace applications. For example, lithium-ion batteries are becoming a common replacement for the lead acid batteries that have been used historically for golf carts and utility vehicles. Instead of heavy lead plates and acid electrolyte, the trend is to use lightweight lithium-ion battery packs that can provide the same voltage as lead-acid batteries, so no modification to the vehicle’s drive system is required. Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) is an integrated energy storage solutions company focused on the design, development and manufacture of high-quality cells, batteries and power systems.
Oakridge Global’s innovative ‘Made in the USA’ product line 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.
Pioneer work with the lithium battery began in 1912 under G.N. Lewis, but it was not until the early 1970s when the first non-rechargeable lithium batteries became commercially available. Lithium is the lightest of all metals, has the greatest electrochemical potential and provides the largest energy density by weight. Oakridge Global works on all types of lithium-based battery power systems. With lead acid batteries being gradually phased out around the world, lithium-based batteries are the batteries of today and of the future.
The global market for lithium ion batteries is a fast growing one that is expected to cross $30 billion by 2020, according to a report on the Market Research website (http://dtn.fm/uvKK3). Oakridge Global has indicated plans to expand its presence in a collection of markets throughout Europe and Asia as it continues to build upon its established product development and manufacturing infrastructure. The company will lean on the expertise of its proven management team – which includes well over a century of combined industry experience – as it looks to increase its share of the $12 billion domestic battery manufacturing industry.
For more information, visit www.oakridgeglobalenergy.com