Energy Storage Market Benefits From Battery Production
FinancialBuzz.com News Commentary
NEW YORK, November 21, 2017 /PRNewswire/ --
According to a market research data by P&S Market Research, indicates that the global market for energy storage is likely to grow from $2,663.2 million in 2016 to $26,137.0 million by 2022. With the growing adoption of energy storage in various end-user industries for grid and off-grid applications, the global energy storage market is expected to gain traction. The energy storage market offers the predicted growth opportunities because of falling costs of manufacturing of batteries, in conjugation with car manufacturers scaling up the production of electric vehicles. Stina Resources Ltd. (OTC: STNUF), Enphase Energy, Inc. (NASDAQ: ENPH), SolarEdge Technologies, Inc. (NASDAQ: SEDG), Johnson Controls International Plc (NYSE: JCI), Tesla Inc. (NASDAQ: TSLA)
GTM Research and the Energy Storage Association (ESA) indicate in a report that Lithium-ion batteries are a major component of the market. "Lithium-ion batteries dominated the energy storage market for the eleventh straight quarter, holding 94.2% of the market in Q2 2017. However, Q2 2017 was notable as the first quarter since Q3 2015 in which lithium-ion batteries had a market share of less than 95%. The majority of utility-scale projects deployed in Q2 2017 employed lithium-ion chemistry, and the technology is also favored in the behind-the-meter segment. Growing acceptance of lithium-ion is expected to cause this trend to continue over the next few years," GTM Research reports.
Stina Resources Ltd. (OTCQB: STNUF) also listed on the Canadian Stock Exchange under the Ticker 'SQA'. Announced that, "it in the final stages of negotiating a research agreement with the University of Calgary.
The research conducted by the University of Calgary will focus on vanadium redox flow batteries and the production of vanadium electrolytes. The first stage will involve the development of a battery stack based upon the technological specifications provided by the Pacific Northwest National Laboratory ("PNNL"). "We chose the University of Calgary because they already have worked with vanadium flow battery technology and they will deliver practical research within a short time-frame," said Brian Stecyk, President & CEO of Stina.
PNNL is the research leader in vanadium flow battery electrolytes and vanadium flow batteries. This initiative is part of their effort to commercialize the scientific technology they have developed. PNNL, operated by the Battelle Memorial Institute, is a scientific research complex located in Richland, Washington and owned by the US Department of Energy.
The development of a battery stack at the University of Calgary will permit evaluation of various vanadium electrolytes and, in particular, those involving vanadium from Stina's Bisoni McKay vanadium deposit in Nevada."
"Vanadium flow batteries are rapidly becoming one of the main electrical storage technologies for grid-storage. According to the US Department of Energy, there are already 59 installations worldwide. Stina has vanadium resources in Nevada and the University of Calgary's practical research will help us reach our long-term vision of being a vertically integrated producer of vanadium electrolytes," said Brian Stecyk, President & CEO of Stina.
Enphase Energy, Inc. (NASDAQ: ENPH) a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. On November 1, the company announced that the Company is now shipping its AC Battery solution to customers in the Benelux region. The Enphase AC Battery is a key component of the Enphase Home Energy Solution, a truly integrated offering that combines solar generation, energy control and storage. The modular size of each 1.2kWh Enphase AC Battery enables installers to right-size each installation to match homeowners' unique energy needs, and gives them the flexibility to easily add more batteries in the future as their energy usage changes over time.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) invented an intelligent inverter solution that revolutionized the way power is harvested and managed in a solar photovoltaic (PV) system. Addressing a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations, the SolarEdge system consists of inverters, power optimizers, storage solutions, and a cloud-based monitoring platform. On September 11, 2017, the company announced it and solar panel leader LG Electronics USA are debuting a joint smart module targeting the high-end residential and commercial PV rooftop markets in North America. On display at the 2017 Solar Power International trade show, the smart module solution, the first from the two powerhouses, is one of the most power-dense rooftop offerings on the market. It includes both add-on and embedded power optimizer options for both commercial and residential systems.
Johnson Controls International Plc (NYSE: JCI) offers two types of energy storage solutions - in-building and containerized. The company combines its world-class battery expertise, facilities knowledge and intelligent controls to handle multiple, concurrent applications and deliver the most economic benefit. All Johnson Controls Distributed Energy Storage systems are built to integrate into building systems providing unmatched customer value. Johnson Controls Distributed Energy Storage has thousands of kWh in commercial operation on projects across five continents.
Tesla Inc. (NASDAQ: TSLA) offers a full suite of energy products that incorporates solar, storage, and grid services. As the world's only fully integrated sustainable energy company, Tesla is at the vanguard of the world's inevitable shift towards a sustainable energy platform. According to a blog by The Tesla Team in July, Tesla was selected to provide a 100 MW/129 MWh Powerpack system to be paired with global renewable energy provider Neoen's Hornsdale Wind Farm near Jamestown, South Australia. Tesla was awarded the entire energy storage system component of the project. Upon completion by December 2017, this system will be the largest lithium-ion battery storage project in the world and will provide enough power for more than 30,000 homes, approximately equal to the amount of homes that lost power during the blackout period.
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand dollars for financial news dissemination and pr services by a non-affiliate third party for stina resources ltd. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news dissemination and PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com .
For further information:
[email protected]
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
Share this article