Energy Storage & Power Generation

In the last decades, as the world’s major economies have increasingly demanded environmental protection and the urgent need to transform from traditional energy sources to renewable energy structures, electrochemical energy storage and power generation technologies are attracting more and more attention. According to market research firm Lux Research, the global (electrochemical) energy storage market will exceed $100 billion by 2025 (see the figure below). In China, about 100 billion kwh electricity annually generated by solar energy, wind power, and hydroelectric power has to be curtailed as a result of not being able to access the grid (Source: Prof. Baolian Yi, SSSAET 2017, Shanghai). One of the visions of Optima Technology is to make our own contribution to the global popularization of green energy and improvement of ecological environment in the World.

Electrochemical energy storage and power generation technologies mainly include various electrochemical secondary batteries and fuel cells. Among them, lithium ion batteries, lead acid batteries, nickel metal hydride batteries and nickel cadmium batteries have been used for large scale commercial applications. According to Optima Technology’s prediction, the total market value of lead acid batteries will maintain a large volume in the next 10 years, but the growth rate will become slower. The market share of nickel metal hydride and nickel cadmium batteries may further shrink due to the attack from lithium ion batteries. In contrast, lithium ion batteries have developed rapidly in recent years. Various emerging technologies, such as high voltage cathode materials, silicon-carbon anode materials, solid state electrolytes, and lithium sulfur batteries, have been showing very promising prospects. However, over the past few years, with the continuous maturation of technologies and the support of government policies, fuel cells, supercapacitors, flow batteries and other battery technologies that had previously only focused on the niche market have made great progress; especially fuel cells, whether PEMFCs which are mainly used for automotive applications or the SOFCs which are used for distributed power generation and combined heat and power application, they will continue to evolve at a high speed and continuously increase their market share in the next 10 years. Based on the judgement of these technological trends, Optima Technology provides our customers with professional services in the following segments:

  • Lithium ion batteries (for mobile and stationary applications)
  • Fuel cells (for mobile application and distributed power generation)
  • Lead acid batteries (for SLI, Start-stop and stationary energy storage)
  • Supercapacitors (for SLI and vehicle traction)
  • Flow batteries (for stationary energy storage)
  • Nickel-Zinc batteries (for SLI, Start-stop, HEV and stationary energy storage)
  • Sodium-Nickel chloride batteries (for stationary energy storage)

For the above technologies, Optima Technology and its strategic partners can provide our customers consulting services along the entire value chain, from raw materials, components, devices, modules/systems to end applications.