The Role of Lithium in the Renewable Energy Markets

NEW YORK, January 4, 2017 /PRNewswire/ --

http://www.Financialbuzz.com - After the recent elections, one area of interest in the economy is the renewable energy market. Whether or not the concerns will materialize remains to be seen, but current market conditions are on the side of alternative energy sources. According to a research conducted by the International Energy Agency, the share of renewable energy in global power generation will increase to over 26% by 2020, from 22% in 2013. Renewable energy is a diverse industry and includes companies that focus on, biofuels, solar energy, wind power, wave power, lithium-ion batteries, hydropower and more. MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN), China BAK Battery Inc. (NASDAQ: CBAK), NRG Energy, Inc. (NYSE: NRG), Ballard Power Systems Inc. (NASDAQ: BLDP), Ballard Power Systems Inc. (NASDAQ: BLDP)

Our priorities regarding our energy sources are shifting due to innovation in new energy technology sectors is growing rapidly. One of the most interesting developments has been in the lithium-ion batteries market, which is already being used in a wide array of applications. A recently published research on the global battery energy storage market for smart grid by Technavio, a research company which focuses on emerging market trends, claims that the li-ion batteries segment is projected to reach 3,130 MW by 2020, growing at a CAGR of close to 72%.

MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN) is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada. The Company focuses on lithium, magnesium and silicon projects throughout British Columbia and Alberta. The Company is the largest lithium brine land holder in Canada, controlling nearly 487,000 hectares of land representing over one million barrels of brine production per day. 

Just yesterday, MGX Minerals Inc. announced that it, "has successfully extracted lithium from heavy oil waste water. Results are part of the continuing optimization for completion and deployment of a pilot plant in support of its 487,000-hectare Alberta lithium project.

The company owns a patent-pending process (U.S. provisional patent No. 62/419,011) for the extraction of lithium and other valuable minerals from oil brine. This technology is the first of its kind, reducing production time of lithium from brine by 99 per cent compared with conventional lithium brine production times that use solar evaporation. Process time is reduced from approximately 18 months to one day using MGX's process.

Heavy oil evaporator blowdown waste water (EBD) is one of the byproducts of steam-assisted gravity drainage (SAGD) during production of heavy oil. EBD was specifically targeted as the waste water contains mid-level concentrations of lithium and has the potential to generate high environmental revenue based on current disposal costs. MGX and PurLucid Treatment Solutions are working to integrate their respective technologies and develop a pilot plant suitable for commercial use that will treat EBD to provide oil sand producers with additional environmentally friendly disposal options as well as recover valuable minerals such as lithium."

China BAK Battery Inc. (NASDAQ: CBAK) together with its subsidiaries, is the world's leading high-tech company engaged in the R&D, manufacture, and sales of high power lithium batteries. The company invested heavily in developing the commercial use of high power lithium batteries. Its 26650 high power lithium battery is famous for outstanding performance, such as high capacity, stability and safety and is used in various kinds of electric vehicles. In March 2016, the company announced a purchase contract with Sysgration (Zhenjiang) Co., Ltd., a leading manufacturer of automotive electronics products and smart home devices. Under the contract, Sysgration will purchase no less than 6 million units of 26650 high power lithium from China BAK, for use in manufacturing electric vehicles.

NRG Energy, Inc. (NYSE: NRG) is a leading integrated power company that sells and delivers energy, energy products and energy services in the United States. The company's segments include NRG Business, NRG Home Retail, NRG Home Solar, NRG Renew and NRG Yield. To fulfill football Fans' needs to recharge their phones when they are at football games or any big events, the company installed NRG Street ChargeⓇ   solar charging stations at stadiums across the country. The solar charging stations are powered by the latest in solar panel and lithium batteries technology, which are seamlessly incorporated into each station to ensure the unit has enough energy for people to power up in various weather situations. The charging stations are available in six stadiums: NRG Stadium (Houston Texans), FedEx Field (Washington Redskins), Lincoln Financial Field (Philadelphia Eagles), Gillette Stadium (New England Patriots), MetLife Stadium (New York Giants/Jets) and Levi's Stadium (San Francisco 49ers). 

Ballard Power Systems Inc. (NASDAQ: BLDP) is a clean energy company that focuses on the design, development, manufacture, sale and service of fuel cell products. It aims to become the leading global provider of innovative clean energy solutions. In November 29, 2016, the company signed a Long-Term Sales Agreement with Solaris Bus & Coach, a major European bus manufacturer. Under the agreement, Ballard will provide fuel cell modules to support deployment of Solaris fuel cell buses in Europe. The fuel cell module is a clean energy alternative to diesel auxiliary power units (APUs) currently used in Trollino buses. The initial order will be 10 FCveloCity®-HD fuel cell modules, which are expected to be delivered in 2017.

SunPower Corporation (NASDAQ: SPWR) provides innovative and sustainable solar solutions to residential, commercial and utility customers worldwide. The Company designs, manufactures, and sells rooftop and solar power systems under construction and development agreements. In December last year, the company announced to partner with Sulphur Springs Valley Electric Cooperative (SSVEC) to dedicate a 20-megawatt solar photovoltaic power plant that generates clean, renewable solar power for customers in SSVEC's service territory. Under the agreement, SunPower will provide a complete solution and operation to the solar plant while SSVEC will purchase the power generate by the solar plant for 20 years.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated eight thousand dollars for financial news dissemination and pr services by a third party non affiliate for mgx minerals inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:

Media Contact: info@financialbuzz.com, +1-877-601-1879

SOURCE FinancialBuzz.com