Ultra Battery Presentation
Transcript of Ultra Battery Presentation
Internationalization Plan: Ultra Battery
Alphonsus Akujobi and Sarah Bishop
Photos courtesy of East Penn Manufacturing
East Penn Manufacturing
• Over 65 years of experience in energy storage
• Acquisition of Ecoult
• Ultra Battery technology
• Expansive manufacturing and distribution network
• International partnerships
• Currently internationalizing the Ultra Battery
Competition
• Lithium Ion
– Largest competition
– Pricing advantage
– Tesla and Panasonic: Industry leaders
– Forecasted price reductions
– Pricing goal of $230/kWh
Brazil
Key Area Critical Challenges
Political Democratic and stable state but plagued by corruption
Economic Low economic freedom score
Infrastructure Energy production heavily reliant on hydropower
Egypt
Key Area Critical Challenges
Political Political turmoil since ousting of President Mubarak in 2011
Economic Struggling economy with stagnated growth in recent years
InfrastructureLittle renewable energy infrastructure despite opportunity
for solar power
India
Key Area Critical Challenges
Political Rampant corruption and prevalence of bribery
Economic Strong historical growth but has slowed in recent years
InfrastructureInadequate infrastructure for population but strong
commitment to use of renewable energy
India Recommendation
Market potential for ESS (Energy Storage Systems) in India through 2020 (MW) (IESA, 2013)
Nigeria
Key Area Critical Challenges
PoliticalDemocracy but with ethnic and religious insurgency in the
Muslim North-Stable government
EconomicRich in oil with projected 7% annual growth, Highest FDI in
Africa-Good banking system
InfrastructureGood telecomm and road network system-Demand for
energy is higher than supply
Continuing Strategy2 year strategy and goals
• Focus on large projects and gaining market share
• Lower price
• Develop strategic partnerships
5 year strategy and goals
• Develop global manufacturing partnerships
• Move forward with international subsidiaries
• Deploy small scale grid applications
• Focus on electrifying underserved markets