Solaris Power Cells Inc (OTCMKTS:SPCL) shares were up over 15% in one day recently, and it had over three times its 30-day average daily trading volume. Solaris Power Cells has spent several years in the research and development phase. The company has developed the PESA™ system for Energy Storage, as well as several products that demonstrate the technology. These demonstration products are a self-recharging neighborhood utility vehicle (NUV) and a ‘vapor mod’ smoking system.
According to Solaris Power Cells, there are currently four factors that are currently fueling the demand for the company’s PESA System. These factors include: The California Public Utilities Commission approved a target requiring the state’s three largest investor-owned utilities, aggregators, and other energy service providers to procure 1.3 gigawatts of energy storage by 2020; according to research firm HIS, the energy storage market is set to ‘explode’ to an annual installation size of 6 gigawatts in 2017 and over 40 gigawatts by 2022. This contrasts against an initial installed base of 0.34 gigawatts installed in 2012 and 2013; total market for energy storage in photovoltaic systems has been estimated at $19 billion in 2017. (‘The Role of Energy Storage in the PV Industry,’ IMS Research, 2012); market for supercapacitor components in renewable energy, grid balancing, infrastructure and other electrical systems has been estimated at $1.9 billion in 2023 (IDTechEx, 2013).
However, Solaris Power Cells Inc (OTCMKTS:SPCL) did not take into account one factor that could either hurt or fuel demand for its product, and that’s the government. Since Solaris Power Cells Inc deals with renewable energy storage solutions, politics plays a large role in affecting the market value and demand for products in the space. That said, there has been some good news for Solaris Power Cells Inc, in regards to the political landscape of the industry.
U.S. Defense Secretary James Mattis recently warned that climate change has be destabilizing some parts of the world. Mattis stated, “Climate change is impacting stability in areas of the world where our troops are operating today…It is appropriate for the Combatant Commands to incorporate drivers of instability that impact the security environment in their areas into their planning.”
That in mind, this recent news may have been the catalyst to cause the stock to rebound. Now, in addition to the potentially positive news in politics regarding climate change, which could be beneficial to SPCL, the company also released some news recently.
Solaris Power Cells Inc recently retained a leading technology valuation firm, AAS Associates. Now, AAS Associates is being retained for the purposes of reviewing and valuing the Solaris PESA technology, to assist Solaris Power Cells in a potential joint venture, licensing agreement or divestiture.
According to Solaris Power Cells President and Chief Executive Officer (CEO) Neil Kleinman, “We are very pleased to announce that Mr. Schibanoff and his firm have agreed to help us evaluate the technology and help us to determine the value of our technology in today’s growing energy storage marketplace. PESA is a unique Energy Storage alternative to traditional power sources, for commercial and high-end residential applications.”
AAS Associates Managing Director Alec Schibanoff stated, “The current market for power storage is growing exponentially as net metering from solar and wind power is making the challenge of balancing power generation and power demand greater than ever. The applications for Solaris’s technology could extend beyond electric utilities to include net metering clients, solar and wind farms, and industrial, commercial and residential applications. With a potential valuation in the $30-40 million range, we are eager to complete our evaluation.”
With these catalysts SPCL could be poised to continue its recent rise. Political and company news should affect SPCL’s stock price, and if you want to follow any updates on SPCL, sign up to our free newsletter. That’s right, it’s free for a limited time… All you have to do is enter your email in the box below to start receiving updates on this name. Don’t delay we could change towards paid membership at any given moment!