BioSolar Sees Potential in the Utility-Scale Storage Market

BioSolar, Inc. (OTCQB:BSRC), a developer of energy storage technology and materials, has seen potential for the its Super Cathode technology in the utility-scale storage market.
According to its press release:

Utility power companies, often challenged in managing the grid during peak electricity demand, are now installing battery storage solutions as an alternative to adding expensive generation capacity. Battery storage offers several benefits over traditional power sources, such as being cleaner and responding faster, as well as possessing the flexibility to be located directly at load centers. Of perhaps greatest importance, battery storage solutions are becoming increasingly less expensive than other options for tackling peak electricity demand, further generating interest from utility providers.
According to TriplePundit, while the residential energy storage market is still considered to be in its early stages in terms of adoption, the utility-scale market is booming. U.S. energy storage capacity grew by 40 percent from 2013 to 2014, with 90 percent of that new capacity deployed in front of the meter (i.e., utility-scale). The article also states that storage in all markets combined is expected to grow another 300 percent in 2015. While residential, commercial, and industrial (C&I) storage may represent just 10 percent of the overall market today, a recent GTM research report predicts behind-the-meter storage (residential, commercial, education, military or nonprofit) will account for 45 percent of the market by 2019.
An integral aspect of energy storage technology relates to how battery technology fits within existing manufacturing process infrastructure. New and innovative battery technologies often require their own set of manufacturing processes and resources. This requires additional cost and time that can make potential partners averse to a new technology, since they will need to rethink their entire manufacturing process. BioSolar’s patent pending manufacturing process, which takes full advantage of its unique cathode material properties, is compatible with current battery manufacturing processes, allowing battery manufacturers to more easily replace their cathode fabrication processes with BioSolar’s high capacity Super Cathode materials and processes.

Click here to read the full press release.