By Market Wire, September 12, 2013, 09:00:00 AM EDT
Independent Research Reports Estimate Market Growth to Over $2.8 Billion by 2018
LAKE ELSINORE, CA -- (Marketwired) -- 09/12/13 --
IDS Industries, Inc. (OTCQB:IDST) announced today that two recently published online reports document the market need addressed by IDST's integrated Battery Management and Charge Controller System (BMCCS) which is patent pending. This BMCCS is unique in providing a long sought solution, enabling advanced energy storage to be connected to a renewable source, typically solar.
SolarNovus.com, the energy industry news source and portal, in a recent article stated, "Oft-regarded as an inevitability, the concept of coupling solar with energy storage has seen an incredible amount of corporate mobilization." This fact was based on a recent report by Lux Research. This same report said, "The solar and energy storage market will grow to a $2.8 billion over the next five years." The report's statistics included that "Grid-tied solar installations will comprise 675 MW, or nearly 95% of the combined 711MW market, while off-grid applications including telecom power claim the remaining 5%. While the off-grid market enjoys higher profit margins, the much larger addressable market for grid-tied systems means they dominate the solar and energy storage market."
Forbes.com cited in its recent article that the research group IHS forecasts "residential PV (solar) storage systems will increase from 12 Megawatts (MW) to 2,500 MW by 2017" further attesting to the rapid growth of the energy storage marketplace and validating IDST's strategic focus on the commercialization of advanced residential and commercial energy storage products.
"We wanted to share with our investors and supporters these recent reports and articles which only corroborate what we have known for over the past year. It was these facts and others that initially excited me to join IDS Industries and lead the Company's effort to maximize these opportunities. We are committed to developing our energy storage products and our efforts even more invigorated," stated Mr. Scott Plantinga, the CEO and Vice Chairman of IDST.
Driven by both economic and political considerations and ramifications, newfound storage policies may dramatically increase the market. The importance of advanced energy storage in the national agenda may be a fact given a current U.S. Senate bill calling for $7.5 billion for new energy storage projects or about 7.5 GWh of capacity. This program could drive business for IDST and others banking on storage and renewable energy sources.
The report titled "Batteries Included: Gauging Near-Term Prospect for Solar/Energy Storage Systems," is part of the Lux Research Grid Storage Intelligence and the Solar Systems Intelligence services and the full text is available at: http://www.solarnovus.com/solar-and-energy-storage-market-to-grow-to-2-8-billion-in-2018_N6958.html. The Forbes.com article titled "Combination Of Solar And On-Site Storage An Emerging Threat To Utilities" is in full text at: http://www.forbes.com/sites/peterdetwiler/2013/09/11/combination-of-renewables-and-on-site-storage-an-emerging-threat-to-utilities/. The SolarNovus.com article titled "Solar and Energy Storage Market to Grow to $2.8 billion in 2018" is in full text at: http://www.solarnovus.com/solar-and-energy-storage-market-to-grow-to-2-8-billion-in-2018_N6958.html.
About IDS Industries, Inc.
IDS Industries, Inc. is a company in transition with 3 divisions in the fields of Advanced Energy Storage, Portable Power Generation and Construction Materials. Because the businesses are in varying stages of commercialization and revenue, they represent a portfolio of diversified risk in addition to their relevance to the unique capabilities of its management team.
The Company's GIIRS-rated energy storage products deliver clean stationary and portable electrical energy, targeting a diverse range of residential, commercial, and off-grid markets. The Company's proprietary integrated battery management and charge controller system optimizes advanced lithium chemistry functions improving battery performance and extending battery life.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
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Source: IDS Industries, Inc.