Barrel Energy Inc. OTC:BRLL
The demand for Lithium has only just begun to grow and Barrel Energy has put together some exceptional Lithium projects and global opportunities.
Environmental policy trends point directly to future energy development that is characterized by being efficient, sustainable and clean. These policy changes and Battery technology innovations such as higher charge density and reductions in weight, charge time and cost have precipitated a pivot in the Auto Industry to Electric Vehicle (EVs).
EVs are currently the fastest growing segment of the auto industry and the Lithium Ion battery is at the heart of the EV revolution. It is the same battery that has allowed personal mobile devices such as phones, tablets and computers to become lightweight, thinner, infinitely rechargeable and able to sustain increasingly longer usage times.
Lithium, is the lightest metal in the Universe, has been coined the “new gasoline” in its crucial use for EVs. As such, the demand for Lithium, and for the other battery metals, is predicted to increase exponentially in the coming decade.
Lithium Projects and Global Opportunities.
Supply Chain
- Barrel recognizes the current deficiencies, as well as the massive potential, in the Lithium-ion battery supply chain as market and environmental forces propel the coming dominance of Zero-Emission vehicles with companies like Tesla, GM, Ford, Apple and other major companies drive this vital technology.
- Barrel intends to immerse itself into the key materials and technologies that will underpin this coming surge in EV dominance.
Indian Automobile Industry
- The World Economic Forum highlighted that the Indian automobile industry is one of the fastest-growing markets globally, and the country has made electrification of the countries industry by 2030 a priority. To this end, Barrel has teamed up with Roshan Energy Technologies Pvt. Ltd (“Roshan”) located in Hyderabad India for Lithium Battery development and production in India and North America
- Roshan boasts impressive line of Lithium Battery products for EVs, Medical Equipment, Solar street lighting, the telecom industry as well as medium and large energy storage solutions.
- The EV market in India is expected to grow at over 34% CAGR to 2025, however, initial growth for this section is likely to be with commercial vehicles rather than in passenger vehicle space. The Roshan Lithium Iron Phosphate (LFP) batteries have impressive built-in thermal stability and are perfect for the huge market of two wheeled and three wheeled EV vehicles.
- As part of the venture, Barrel will become a majority stakeholder in Roshan allowing Roshan Energy the platform for expansion into the massive India market and laterally into international markets. Roshan and Barrel plan on establishing a U.S. based manufacturing unit for key battery designs within Roshan’s strong line of Lithium products.