The Transition to Revenue is Finally Beginning The transition towards renewable and EV infrastructure is great. However, lithium is growing increasingly expensive, and L-Ion batteries are extremely harmful to the environment from the mines to disposal. Graphene batteries could fix the issue alongside the batteries being far more efficient/faster charging than traditional L-Ion.
The regulatory approval from the past week has helped push GMG’s stock up nearly 20% due to the expected increase in sales/revenue from the approval.
- It enables them to pursue commercial sales and significantly improve production of their product lines: Thermal-XR, Automotive Lubricant and Coolant, Diesel, and their graphene aluminum ion battery.
- This means that they’ll be able to industrially sell their products to customers domestically and in countries with no further required approval.
- Additionally, they’re allowed to produce up to 10 tonnes of graphene powder annually which gives them a huge amount of revenue-generating potential as they begin to transition away from the developmental stage of the business.
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Battery charging is fast but not as fast as it can be which is why GMG is such a promising prospect in the space. Their batteries have already been tested to be able to fully charge a phone in just minutes compared to L-Ion batteries. Just imagine being able to plug your phone in for a few minutes and already having enough energy to last hours. Beyond this, graphene batteries have a lot more advantages which definitely makes this an interesting company to watch as they progress with their product development.