Alternet Systems Announces Energy Storage Technology Developments Beyond Lithium
DALLAS: Alternet Systems, Inc. (USOTC: ALYI) today announced a new corporate website designed to communicate the latest updates to the company’s business. The updates have in part contributed to the company’s recent singing of a $1 million order announced last week.
Alternet’s new management came on board last year in conjunction with the acquisition of an energy storage technology company. In reaction to the company’s first year of operation, management has updated the business to notably include expanding its development of innovative energy storage solutions well beyond lithium.
The race for solving the global energy storage shortage problem is not necessarily about using lithium more efficiently or taping into a yet undiscovered new source of lithium. Any limitation on the availability of lithium is a separate issue and one convenient for commodity brokers that use a limited supply story, and an alleged demand to drive up lithium commodity prices.
Alternet has re-centered its strategy on finding innovative solutions to energy storage shortages, and those innovative solutions do not necessarily need to come from lithium-Ion based technology. The company is exploring a variety of energy storage research and development initiatives.
Graphene, for instance, has long been seen a subject of research for future energy needs. Other alternatives being researched include fuel cells, photosynthesis, solid state technologies, sodium-ion, solar, foam, aluminum graphite, and sand. Most of these are safer and more abundant than lithium.
Lithium is arguably central to the most currently viable energy storage solutions, but it is far from being the long-term best solution. Better materials in more abundant supply exist and just need to catch up to the research and development head start that lithium, for the time being, enjoys.
You can learn more on the company’s new website about its expansion beyond lithium centric energy storage solutions in addition to its projects to advance energy storage technology through inclusion into electric vehicle projects and military application projects:
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.