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Gaensel Energy Group's PROTONSTAR Stakes Positions in the 100 Billion Dollar Battery Industry
Gaensel Energy Group's PROTONSTAR Stakes Positions in the 100 Billion Dollar Battery Industry.
About this update from Gaensel Energy Group, Inc.
[{"type":"text","content":"Salt Lake City, Utah--(Newsfile Corp. - February 1, 2022) - Gaensel Energy Group's (OTC Pink: GEGR) Protonstar Sagl has developed and holds the patent for a Hydrogen Nickel based energy storage system that promises to advance the global pursuit to develop renewable energy solutions as alternatives to fossil fuels. At the end of 2021, international finance and holding company Gaensel Energy Group acquired 30% of Protonstar, adding their technology to Gaensel's portfolio of biotech, commodities, and renewable energy projects and holdings. \"Protonstar provided an unmissable opportunity to get in on a project that will disrupt the energy market and offer major breakthroughs for clean energy,\" says Peter Koley, Chief Financial Officer, Gaensel Energy Group. \"Moving away from fossil fuels as climate change poses a greater and greater threat means a demand for reliable and sustainable energy sources, worldwide.\" The global battery market size was valued at USD 108.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027, https://www.grandviewresearch.com/industry-analysis/battery-market.Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7475/112308_b5cc782a4421f8f2_002full.jpgAs electricity and other sources like solar power have positioned themselves to be strong alternatives to coal and oil, a major problem of excess-energy storage remains. These sources are able to produce a surplus and in order to maximize sustainability and serve the demand of today's world, there will need to be energy storage technology that will be able to disperse and dispense the surplus energy, when needed. \"That's where Protonstar's battery comes in.\" As a technology that is not chemically based, and not centralized around Lithium-which has a mining process that is holding up some renewable battery technologies and driving up costs-the battery has what the company claims will be unlimited quantities of charge cycles and variable charge-lifespans, making it different than any technology on the market today. \"This means that charging and dying won't degrade the battery to obsolescence over time, and the technology may solve many energies storage needs that the industry is currently looking to overcome.\"The battery can also withstand varying conditi...