Solaris Power Cells, Inc. (OTCQB: SPCL) is a diversified green energy storage manufacturer offering residential and commercial users turnkey, renewable energy solutions. The company’s proprietary Solaris Power Cell™ utilizes a printed circuit board assembly to provide lead-free, solid-state energy storage that’s both fully renewable and environmentally-friendly.
Although batteries are a common solution for the storage of renewable energy, these systems present engineers with a host of limitations – including short life cycles, high maintenance costs and negative environmental impact. The company’s power cell addresses these shortcomings through its innovative PESA™ (Passive Electron Storage Array). This system utilizes solar panels to charge the array, and, when renewable energy is no longer available, the PESA distributes its stored energy where it’s needed.
The potential market for Solaris’s groundbreaking energy storage system is vast, and it is expected to continue growing in the years to come. According to a report by research firm IHS, the global energy storage market is expected to reach six gigawatts in 2017, which would be an increase of more than 1,750 percent over 2013. Among this growth, the United States is expected to be the largest market for grid-connected energy storage installations.
Solaris also markets its PESA technology in an innovative e-cigarette application. Like all of the company’s products, the F-Series Vapor Mod operates battery-free, allowing for dramatically improved charging speeds and unparalleled lifecycle duration. In June, Solaris announced the release of its unique tobacco-alternative in four custom colors to capitalize on the sales potential presented by the rapidly expanding vaping market. According to The Smoke-Free Alternatives Trade Association, the e-cigarette industry is expected to exceed $10 billion by 2017.
Solaris is in a strong strategic position to make an impact in a variety of potentially lucrative market sectors. For prospective shareholders, Solaris’s innovative approach to the commercialization of its proprietary energy storage technology makes the company an intriguing investment opportunity moving forward.
For more information, visit www.solarispowercells.com
