Mississauga, ON -- (SBWIRE) -- 03/15/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Oakridge Signs Strategic Business Alliance Agreement with Japanese Trading House."
Companies mentioned in this article include Oakridge Global Energy Solutions Inc. (OTCQB:OGES).
According to a report published on Renewable Energy World, investors are looking to find cost-effective methods to store power and balance energy systems. The search has been driven by rising generation capacity of renewables, led by solar PV and wind power.
The report further notes that there are several types of energy storage technologies in various stages of development, ranging from power-to-gas, batteries and flywheels to compressed air and hydrogen. The report, citing data from Navigant Research, added that there were 362.8 MW of energy storage products announced globally in the 2013-2014 period. Navigant Research expects worldwide revenue from energy storage to increase from $675 million in 2014 to $15.6 billion in 2024. This is phenomenal growth by any standard and not surprisingly investors have been taking a keen interest in the energy storage space.
The outlook also augurs well for Oakridge Global Energy Solutions Inc. (OTCQB:OGES), which is engaged in the development, manufacturing and marketing of energy storage products. This morning, the Palm Bay, Florida-based company announced a Strategic Business Alliance Agreement with Tokyo, Japan-based Sojitz Machinery Corporation. The news has sent OGES shares sharply higher on a day when the broader market is struggling. At last check, OGES shares were trading 11.67% higher at $0.670 on above average volume of 57, 970.
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