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Solar Energy Storage Advances Attract Investors, Homeowners

Balqon Corporation meets growing demand with new line of affordable HIQAP™ lithium batteries
With approximately 8% of U.S. residential power being generated from renewable energy resources, it is clear that homeowners and investors alike recognize and appreciate the appeal of greener energy options. In fact, there has been a 44% increase in green U.S. kilowatt hours in the past few years, rising from 361 trillion in 2008 to 520 trillion in 2011, according to the Energy Information Administration. Solar energy in particular is experiencing a resurgence as the price of panel components has plummeted nearly 80% over the past five years. In response to this market growth , investors are shifting millions of dollars to renewable energy developers such as Balqon Corporation (OTCBB: BLQN) and First Solar Inc. (NASDAQ: FSLR), as well as to green technology exchange traded funds like the Guggenheim Solar Index ETF (NYSE: TAN).
Citigroup’s renewable energy analyst recently upgraded the solar sector, indicating that key developers and manufacturers who have been able to harness low component pricing or develop innovative supporting technology will be even stronger in the next phase of solar energy projects. Balqon, a developer of renewable energy solutions that include everything from electric vehicles to drive systems to lithium storage devices, is at the forefront of this market with its new low cost, high capacity HIQAP™ lithium battery for solar energy storage applications. The new product line, which is marketed through Balqon’s online store at http://www.balqon.com/store.php and on its HIQAP Facebook site, is available in 12, 24 and 48 volts, with lifecycles varying from 2,500 cycles to 5,000 cycles based on depth of discharge.
This variable sizing is an indication of the flexibility and broad applicability that is built in to Balqon’s products. They have been distinctively designed to appeal to consumers interested in more environmentally responsible technologies but concerned about sacrificing power and performance for principles. Moreover, Balqon’s solutions are also engineered to address a number of commercial needs, appealing to municipalities, assisted living facility developers and others who require the flexibility of residential components but the strength and reliability of a leading manufacturer.

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