(Image via Extreme Vehicle Battery Technologies Corp.) 
Many investors have been tracking the recent surge of renewable energy options for the home and office and assessing a market that has not only just gotten much bigger, it has also welcomed a new player with a smarter game. The energy storage systems (ESS) market is projected to grow to almost
$550 Billion by 2035, and one of the most popular companies in this space,
Tesla (NASDAQ: TSLA) has been forced to admit that it cannot keep up with the demand for its line of ESS battery products.
There is a new option out there and its product is not only more powerful, but also cheaper.
Extreme Vehicle Battery Technologies Corp. (CSE: ACDC, Forum) was recently covered by Stockhouse Editorial for the launch of its first new battery product in the
IoniX Pro SmartWall Series, the Home SmartWall, a lithium-ion battery ESS with AI integration allowing real time monitoring, maintenance, and repairs.
While this is destined for personal use, the blockchain and battery technology Company has just unveiled its own line of mega-storage industrial-scale ESS solutions with the launch of the
TITAN Series.
Designed to compete with Tesla’s MegaPack in the North American Market, the TITAN series can be tailored to customers in each market segment to maximize their value out of this ESS Solution.
In
a news release detailing the specs for investors, EV Battery Tech Chief Executive Officer, Bryson Goodwin reiterated his Company’s belief that the market for ESS or battery storage will increase exponentially in the coming years.
“We are seeing significant growth in the demand for large scale ESS products and we are happy to be one of the first movers to announce a product with state-of-the-art BMS technology, which is expected to make it one of the safest and most reliable ESS products on the market. With this scalable product, we hope to service both small markets and large markets, ranging from minor remote back up to major cities. These products could be the answer to intermittent renewable energy, remote community reliance on fossil fuels and balancing of overloaded city grids.” Just like the Smart Wall series, the TITAN series is anticipated to have a lower price point than similar products sold by its competitors (such as Tesla), yet still boasts equal power capacities and significantly improved functionality.
Thanks to its AI-driven battery management system (BMS), the Company expects to be able to achieve this goal via its superior monitoring and repair functionality. The Company also utilizes what many believe to be the highest quality lithium-ion batteries on the market for efficiency and safety.
The Titan series of customized, scalable ESS products includes:
- An Industrialmodel
- A City / Smart Grid model
- A Remote Back Up Model
- A Renewable Energy Unit
The TITAN line serves a wide variety of uses and the Company has been in discussions with several groups interested in utilizing its applications. In Q4 2020, ACDC entered into a definitive agreement with
EcoVille Ltd. to outfit their entire development with the TITAN line-up. The Company secured the rights to be the sole, exclusive provider of ESS solutions for EcoVille’s development in British Columbia, specifically to outfit its development’s buildings and renewable energy generation systems in Squamish. EV Battery Tech intends to outfit the EcoVille development with a symbiotic combination of its TITAN and SmartWall products for their electric power backup and renewable energy infrastructure.
In a
January 2021 update, CEO Goodwin noted that his Company and EcoVille share a belief that their joint work to develop clean communities is the way of the future.
“We believe this development will serve as a flagship development to showcase our cutting-edge technology and premium products, and we hope to serve many more communities like this one as we continue to launch our products.” This first product development and supply agreement is likely to gain traction in 2021 on continued momentum, which will facilitate a greater product understandingand aweareness for both the TITAN and SmartWall series, leading to increased in sales.
On January 28, 2021, the Company officially launched the TITAN EnergyCore and made order inquires available via their website at
www.ionixpro.com. Each customer is able to custom design the TITAN EnergyCore The to suit their needs and since the TITAN is scalable the size is virtually unlimited. ACDC has noted that the other TITAN products are in their final stages of development and will be launched throughout the remainder of 2021.
With the market for these products expected to surge in the coming years, EV Battery Tech is focusing on developing products that will be superior to anything that is currently on the market.
As these portfolios of energy storage system products for home, commercial office, industrial market, remote backup, and renewable energy market segments continues to be unveiled throughout 2021, stay tuned to Stockhouse for further developments and the next in line for Extreme Vehicle Battery Technologies’ cutting-edge offerings.
To find out more about the Company and its products, visit
evbattery.tech.