And while the current renewable energy sector is doing all it can, we are still all being affected. 

Within that sector, you need energy storage: AKA batteries. Batteries store your renewable energy so you can use it when you need it - without being affected by changing weather conditions. 

While the battery industry is solving some problems in renewable energy, it's also contributing to others by using scarce, expensive, and sometimes harmful materials like cobalt. We believe there aren't enough energy solutions that provide people with clean, safe, reliable alternatives to these products.

Battery Energy Storage System Market Size is projected to reach USD 6.9 Billion (source) by 2025 - that’s more than three times the size it was in 2019.  

With declining prices of lithium-ion batteries, and increased demand for uninterrupted power supplies, the North American energy storage market alone is expected to grow at a CAGR of approximately 46.35% (source) during the same forecast period. 

Also, the growing renewable energy sector, which accelerates the need for energy storage, is expected to propagate that market.

Here’s a timeline of some of our recent successes, and upcoming ones:

• In 2017 we sold our first Greenrock Saltwater Plug & Play system, and now we have installed over 500 systems around the world (source)

•  In 2019, we began selling power systems in North America with a formal expansion into our US headquarters in 2020.

• In Jan. 2021, Austria shipped the first VIGOS, installing 3 All-Weather Systems across Europe. This product will be available to us in the United States in Q2 of 2021, and is already gaining traction within our consumer population.

• By Q2 of 2021, we expect a third flagship product, CEL3050, will be released and is a smaller version of VIGOS 

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From small homeowners to large industrial conglomerates - it’s important to us to learn about our customers' varying needs. 

That’s why we designed systems using our product range of high-powered VIGOS or endurance-based Saltwater batteries, and integrate them with various fabricated or off-the-shelf parts such as inverters, controllers, cables, and battery management systems. 

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Additional Battery Specifications:

The Saltwater Battery: 

• 100% renewable, safe and made from abundant materials. 
• No harmful mining practices, no extraction of rare-earth materials

• Toxic-free, with no special shipping or handling required  (highly uncommon in the energy storage industry)

Vigos Battery:  

• Made from LTO (Lithium Titanate Oxide)

• A safe, non-flammable, non-explosive Lithium-based product without Cobalt

• Lasts twice as long as NMC and LFP Lithium technologies 

• Operates in a much wider temperature range of -30C to +50C (source)

Like our product, our sales process will evolve in the coming years - keeping up with the growth of renewable energy and all of its subsequent demand.

With our current systems sold for $15K-$100K each, we’ve had organic, successful traction mainly reaching customers through referral or word of mouth. Our on-the-ground approach has been widely successful. In our first year in the US, we reached USD $370k of revenue with minimal marketing and outreach efforts, and our parent company earned an additional EUR $3M in 2020.

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Our industry and competitors predominantly use NMC and LFP technology, meaning they are made up of Lithium-phosphate or Lithium, Manganese, and Cobalt as cathode materials. We stand in a unique position, as our technology is none of those.

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We offer similar solutions as other major players, just in a greener, safer, and more sustainable form. We believe we are the only company to build a system that meets the Living Building Challenge standards for energy storage - architecture's greenest energy standard.