NEW YORK, January 4, 2017 /PRNewswire/ --
http://www.Financialbuzz.com - After the recent elections, one
area of interest in the economy is the renewable energy market. Whether or not the concerns will materialize remains to be seen,
but current market conditions are on the side of alternative energy sources. According to a research conducted by the
International Energy Agency, the share of renewable energy in global power generation will increase to over 26% by 2020, from 22%
in 2013. Renewable energy is a diverse industry and includes companies that focus on, biofuels, solar energy, wind power, wave
power, lithium-ion batteries, hydropower and more. MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN), China BAK Battery Inc. (NASDAQ:
CBAK), NRG Energy, Inc. (NYSE: NRG), Ballard Power Systems Inc. (NASDAQ: BLDP), Ballard Power Systems Inc. (NASDAQ: BLDP)
Our priorities regarding our energy sources are shifting due to innovation in new energy technology sectors is growing
rapidly. One of the most interesting developments has been in the lithium-ion batteries market, which is already being used in a
wide array of applications. A recently published research on the global battery energy storage market for smart grid by
Technavio, a research company which focuses on emerging market trends, claims that the li-ion batteries segment is projected to
reach 3,130 MW by 2020, growing at a CAGR of close to 72%.
MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN) is a diversified Canadian mining company engaged in the
development of large-scale industrial mineral portfolios in western Canada. The Company focuses
on lithium, magnesium and silicon projects throughout British Columbia and Alberta. The Company is the largest
lithium brine land holder in Canada, controlling nearly 487,000 hectares of land representing
over one million barrels of brine production per day.
Just yesterday, MGX Minerals Inc. announced that it, "has successfully extracted lithium from heavy oil waste water. Results
are part of the continuing optimization for completion and deployment of a pilot plant in support of its 487,000-hectare
Alberta lithium project.
The company owns a patent-pending process (U.S. provisional patent No. 62/419,011) for the extraction of lithium and other
valuable minerals from oil brine. This technology is the first of its kind, reducing production time of lithium from brine by 99
per cent compared with conventional lithium brine production times that use solar evaporation. Process time is reduced from
approximately 18 months to one day using MGX's process.
Heavy oil evaporator blowdown waste water (EBD) is one of the byproducts of steam-assisted gravity drainage (SAGD) during
production of heavy oil. EBD was specifically targeted as the waste water contains mid-level concentrations of lithium and has
the potential to generate high environmental revenue based on current disposal costs. MGX and PurLucid Treatment Solutions are
working to integrate their respective technologies and develop a pilot plant suitable for commercial use that will treat EBD to
provide oil sand producers with additional environmentally friendly disposal options as well as recover valuable minerals such as
lithium."
China BAK Battery Inc. (NASDAQ: CBAK) together with its subsidiaries, is the world's leading high-tech company engaged
in the R&D, manufacture, and sales of high power lithium batteries. The company invested heavily in developing the commercial
use of high power lithium batteries. Its 26650 high power lithium battery is famous for outstanding performance, such as high
capacity, stability and safety and is used in various kinds of electric vehicles. In March 2016,
the company announced a purchase contract with Sysgration (Zhenjiang) Co., Ltd., a leading manufacturer of automotive
electronics products and smart home devices. Under the contract, Sysgration will purchase no less than 6 million units of 26650
high power lithium from China BAK, for use in manufacturing electric vehicles.
NRG Energy, Inc. (NYSE: NRG) is a leading integrated power company that sells and delivers energy, energy products and
energy services in the United States. The company's segments include NRG Business, NRG Home
Retail, NRG Home Solar, NRG Renew and NRG Yield. To fulfill football Fans' needs to recharge their phones when they are at
football games or any big events, the company installed NRG Street
ChargeⓇ solar charging stations at stadiums across the country. The solar charging stations are powered by the latest
in solar panel and lithium batteries technology, which are seamlessly incorporated into each station to ensure the unit has
enough energy for people to power up in various weather situations. The charging stations are available in six stadiums: NRG
Stadium (Houston Texans), FedEx Field (Washington Redskins), Lincoln Financial Field (Philadelphia Eagles), Gillette Stadium (New
England Patriots), MetLife Stadium (New York Giants/Jets) and Levi's Stadium (San Francisco
49ers).
Ballard Power Systems Inc. (NASDAQ: BLDP) is a clean energy company that focuses on the design, development,
manufacture, sale and service of fuel cell products. It aims to become the leading global provider of innovative clean energy
solutions. In November 29, 2016, the company signed a Long-Term Sales Agreement with Solaris Bus
& Coach, a major European bus manufacturer. Under the agreement, Ballard will provide fuel
cell modules to support deployment of Solaris fuel cell buses in Europe. The fuel cell module is
a clean energy alternative to diesel auxiliary power units (APUs) currently used in Trollino buses. The initial order will
be 10 FCveloCity®-HD fuel cell modules, which are expected to be delivered in 2017.
SunPower Corporation (NASDAQ: SPWR) provides innovative and sustainable solar solutions to residential, commercial and
utility customers worldwide. The Company designs, manufactures, and sells rooftop and solar power systems under construction and
development agreements. In December last year, the company announced to partner with Sulphur Springs Valley Electric Cooperative
(SSVEC) to dedicate a 20-megawatt solar photovoltaic power plant that generates clean, renewable solar power for customers in
SSVEC's service territory. Under the agreement, SunPower will provide a complete solution and operation to the solar plant while
SSVEC will purchase the power generate by the solar plant for 20 years.
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