Global shipments and market share data of advanced batteries in 2015 shows how widely used automotive and stationary energy storage batteries have become. An analytical research by Navigant Research reveals an impressive increase in demand for advanced batteries as an alternative means to power electric vehicles as well as support grid-tied stationary energy storage systems (ESSs). Oakridge Global Energy Solutions, Inc. (OTCQB: OGES), AES Corp (NYSE: AES), NRG Energy Inc (NYSE: NRG), Albemarle Corporation (NYSE: ALB), Plug Power Inc. (NASDAQ: PLUG)
The data was measured by cell shipments for the automotive and stationary energy storage sectors, 99% of which were advanced batteries made with Lithium-ion technology. The global Lithium-ion manufacturing capabilities have significantly improved in recent years, as governments around the world have provided friendly conditions for companies in this field to boost EV manufacturing and alternative energy capabilities.
While the automotive market is mostly focused on lithium technology, the stationary energy storage market is more diverse. Some systems use lead-acid batteries, flow batteries, sodium-metal halide batteries, and Plug Power Inc. (NASDAQ: PLUG) is using hydrogen fuel cells for stationary power. Yet, there are companies working on new lithium technology products…
Source: Advanced Batteries in the Automotive and Stationary Energy Storage Markets