NEW YORK, December 4, 2017 /PRNewswire/ --
GTM Research provides quarterly data from monitoring energy storage capacity in the United
States. According to the data, the U.S. deployed 50.4 MWh of energy storage in Q2 2017, up 6% year-over-year.
Behind-the-meter deployments rose 140% quarter-over-quarter. The residential market rose 89% from Q1 2017 the data shows, while
the non-residential market grew 151% from Q1 2017. A major portion of these increases resulted from accelerated pace of energy
storage capacity growth in both California and Hawaii.
Lithium-ion batteries dominated the energy storage market for the eleventh straight quarter, holding 94.2% of the market in Q2
2017. Stina Resources Ltd. (OTCQB: STNUF), EnerSys (NYSE: ENS), Johnson Controls International plc (NYSE: JCI), The AES
Corporation (NYSE: AES), Maxwell Technologies Inc. (NASDAQ: MXWL).
Last week, Gov. Andrew Cuomo (D) signed into law a bill that makes New York the fourth state to adopt an energy storage procurement target for 2030. The main purpose of
the law is to support New York's 50%-by-2030 renewable portfolio standard. According to a report
by Electrek, "This makes New York the second state in the Eastern US to adopt energy
storage legislation to spur the industry - Massachusetts being the first and has set a goal of
200 MWh of energy storage by 2020. California's 2020 goal is 1.3GW of energy storage, while
Oregon has a goal of a minimum of 5MWh by 2020, with a 1% peak load cap on any utility using
electricity moving through energy storage."
Stina Resources Ltd. (OTCQB: STNUF) also listed on the Canadian Stock Exchange under the Ticker 'SQA'. Earlier today
the company announced breaking news that, "A comprehensive drilling and exploration program will commence in early spring 2018 on
the Bisoni McKay and Bisoni-Rio properties in Nevada based on the successful and extensive work
program completed in 2017."
Stina holds a total of 4,115 acres at Bisoni McKay and Bisoni-Rio. The Bisoni McKay project has an NI 43-101 with Indicated
Resources amounting to 11,879,590 tons at an average grade of 0.39% V2O5 and Inferred Resources estimated
at 7,048,056 tons at an average grade of 0.42% V2O5. These estimates are calculated using a 0.2%
V2O5 mineralized cutoff. Stina's motivation for developing vanadium land assets in central Nevada stems from a growing world-wide interest in vanadium. Vanadium has been primarily used for steel
production but now new uses such as an electricity storage media in vanadium redox flow batteries is accelerating demand for the
metal. This trend is anticipated to continue as grid-scale energy storage becomes more and more prevalent as the new technology
is adopted. The US Department of Energy reports that there are currently 59 vanadium redox battery installations throughout the
world.
The Vanadium Belt of Central Nevada is host to an important concentration of single-product
vanadium deposits in North America. Stina's Bisoni McKay property is a high-grade, pure play
vanadium project located in the Vanadium Belt of Central Nevada. Past exploration drilling
reveals the occurrence of high grade V2O5 in the primary (carbonaceous shale) mineralized material which
contains the largest vanadium resource on the property. Several drill holes completed in primary mineralization suggests the
deposit is open at depth in some areas. A supergene enrichment zone of up to 35 feet in width has been identified immediately
below the Redox zone. Pure play vanadium deposits of economic value are rare. Vanadium most commonly occurs in association with
other metals forming complex mineral deposits such as titaniferous magnetite and uranium-vanadium deposits where vanadium is
mined as a co-product. This results in vanadium extraction being dependent on the economic value of other commodities.
In June of this year, 164 new claims covering 3,361 acres (Bisoni-Rio) were registered. This consolidates ownership of the
land along the Vanadium Belt between the north end of the Bisoni McKay Project and the southern boundary of the Gibellini
property (Prophecy Development Corp.). The combined area under claim in Bisoni McKay and Bisoni-Rio is 4,115 acres.
"Following claim registration, the surface topography at the Bisoni McKay project was traversed to get a better representation
of the topographic surface. The data collected was transmitted to Maptek of Denver, Colorado for
the building of a surface model. The objective is to determine the best location from which to drill to intercept the
carbonaceous shale contact and extract representative samples of high-grade vanadium material to be processed at a pilot plant.
Likewise, this exercise will assist in the design of the next round of exploration drilling aimed at expanding and consolidating
the measured and indicated resources," says Tony Hammond, geologic consultant to Stina.
Selected samples of carbonaceous shale drill cuttings were sent to Hazen Research Inc.'s metallurgical laboratory in
Golden, Colorado for testing to optimize the recovery of vanadium contained in the primary
material. Preliminary results are expected to be announced soon. The final activity of the summer season was reclamation of old
surface disturbances requested by the Bureau of Land Management. The reclamation has been satisfactorily completed.
"Now that this preliminary work has been completed, an application for exploration permits will be submitted before the end of
the year, so drilling and other work can begin as early as possible in 2018," says Stina
President, Brian Stecyk. "The disclosure of the technical information contained in this
news release has been reviewed and approved by Mr. Tony Hammond, who is a geologic consultant for
the company, and a qualified person as defined under NI 43-101. Mr. Hammond holds a BS Mining Engineering and Engineer of Mines -
Pontificia Universidad Católica del Perú; an MS Mining Engineering - South Dakota School of
Mines."
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, manufactures and
distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor
equipment enclosure solutions to customers worldwide. Reserve power batteries are used in the telecommunication and utility
industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including medical,
aerospace and defense systems. On October 3, 2017, the company announced that it is providing
extensive on-site battery fleet assessments for large-scale material handling operations. The fleet-wide evaluations help large
companies identify and document their battery usage and maintenance patterns to determine battery-operating costs and uncover
money-saving opportunities. The assessments are comprehensive, employing a mix of wireless monitoring units on each battery,
proprietary efficiency management analytics software, several weeks of data collection and deep analysis by industry experts.
Johnson Controls International plc (NYSE: JCI) is a global diversified technology and multi industrial leader serving a
wide range of customers in more than 150 countries. The company offers two types of energy storage solutions - in-building and
containerized. All Johnson Controls Distributed Energy Storage systems are built to integrate into building systems providing
unmatched customer value. On September 6, 2016, the company announced it will continue a 20-year
relationship with Colorado State University-Pueblo (CSU-Pueblo) through a recent contract that
enhances sustainability efforts through an improved infrastructure and a reduction in energy demands across the 278-acre campus,
without capital expenditures. The project addresses deferred maintenance, upgrades to existing equipment and systems and energy
improvements over the next several years. Major elements include HVAC improvements, peak-shaving generators with distributed
energy storage (battery storage), lighting improvements, water savings improvements, utility rate change and reduction.
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. The company's subsidiary, AES Energy Storage, is a
leader in commercial energy storage solutions, which improve flexibility and reliability of the power system, and provide
customers with a complete alternative to traditional energy infrastructure investments such as peaking power plants. AES Energy
Storage has a total of 476 MW of interconnected energy storage, equivalent to 952 MW of flexible resource, in operation,
construction or late stage development across seven countries and four continents. On July 11,
2017, the company and Siemens AG announced their agreement to form a new global energy storage technology and services
company under the name Fluence. The joint venture will bring together AES' ten years of industry-defining experience deploying
energy storage in seven countries with over a century of Siemens' energy technology leadership and its global sales presence in
more than 160 countries.
Maxwell Technologies Inc. (NASDAQ: MXWL) is a customer-focused, service-oriented developer and producer of advanced energy
storage and power delivery products for the global marketplace. Maxwell's primary focus is on ultracapacitors, energy storage
devices that are characterized by high power density, long operational life, the ability to charge and discharge very rapidly,
and reliable performance at extreme temperatures. Maxwell ultracapacitor products provide energy storage and power delivery
solutions for applications in many industries, including automotive, heavy transportation, renewable energy, backup power,
wireless communications and consumer and industrial electronics. On November 8, 2017, the company
reported financial results for the three months ended September 30, 2017. Total revenues for the
third quarter of 2017 were $35.8 million, compared with $37.1 million
for the second quarter of 2017 and $25.5 million for the prior year quarter.
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