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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.
Capitalizing on the diversified opportunities that the residential solar storage segment offers, Balqon has positioned its HIQAP lithium battery as a direct replacement for current lead acid battery packs, as well as a strong enhancement to established solar energy storage applications. They are of particular interest to today’s consumers because their low internal resistance captures more than 95% of the solar energy that is produced – compared to as low as 70% efficiency produced by comparable lead acid batteries.
Another advantage to Balqon’s HIQAP lithium batteries is that they are built to support large daily loads and high energy transfer, enabling homeowners to offset peak usage rates, transition from the expense of fuel in generator-powered remote areas and second homes, provide backup power during weather- and emergency-related disasters and fulfill the simple desire to live off the grid. Perhaps most attractive of all to homeowners is that Balqon’s HIQAP lithium battery packs provide a best-of-all-worlds combination of low cost, high efficiency, long life and zero maintenance.
“The question facing customers not too long ago was whether solar energy was cost effective. Fast forward to the present, and we’re finding broad market acceptance driven by economies in pricing and increases in performance. The bottom line is, energy storage is genuinely ready for solar,” said Balqon CEO Balwinder Samra. “With an estimated life of over 10 years and high energy transfer efficiency, our competitively-priced lithium batteries provide homeowners the capability to capture up to 25% more energy from their solar panels. Battery storage integration is definitely the next logical step in moving toward net-zero energy communities.”
With the diversified renewable energy market becoming more efficient and the introduction of cost cutting lines of products, end users and investors alike are taking notice. Global demand for solar products is expected to jump in the U.S. Europe and Asia before year-end according to some analysts. Enthusiastic investors such as Berkshire Hathaway-owned MidAmerican Energy Holdings, Google, MetLife, and John Hancock have already committed more than $500 million in investments on solar farms and similar renewable energy projects.
Individual investors looking to capture a share of this growing market might consider Balqon, whith a market capitalization of $16 million means that it may currently be trading at a fraction of its potential valuation if its battery solutions and electric vehicle product lines perform well in this dynamic marketplace.
Interested in learning more? Please visit www.balqon.com

Source Green Technology Investments

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