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BALQON BLQN Makes Progress On Several Fronts

by:CETC SOLAR     2020-07-27
Balqon Corporation (OTCBB: BLQN), an emerging developer and manufacturer of zero emissions heavy-duty electric vehicles, energy storage products and electric drive systems, recently announced a number of developments that have potential to help unlock shareholder value on the inside near and long-term as electric vehicles continue to achieve prominence.
CEO Balwinder Samra Explains Balqon's Niche
Balqon Corporation's Chief Executive Officer Balwinder Samra recently presented at the EV Expo 2012 in Tampa Bay, Florida on february 21 to 23, 2012. In this video shot in the conference, the CEO outlines how his company created and now fills the niche as only manufacturer of heavy duty, short haul electric yard tractors for moving 30 ton shipping containers, worldwide.
LA Harbor Awards Balqon Additional Contract
The Los angeles Board of Harbor Commissioners reallocated a federal grant to upgrade six yard tractors with lithium-ion batteries system original contractor hired to convert the tractors to hydrogen fuel cells missed a deadline to conclude the work, according for article in Daily Piace of The contract may an estimated $630,000 to Balqon Provider.
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Department of energy Grant Will manage to benefit Balqon
According to some recent article in AutoBlog's Green Energy section, the U.S. United states doe may fund $10 million for electric truck and forklift development with consume of further cutting petroleum use via the domestic transportation sector. Companies will have until May 15th to submit applications and award recipients will be announced by September 30th.
Balqon Corporation (OTCBB: BLQN), A123 Systems Inc. (NASDAQ: AONE), EnerSys Inc. (NYSE: ENS) some other energy storage companies may gain advantage from increased demand inside traditional industries - for telecom's cellular towers - and emerging industries driven by increased capacity for renewable energies like solar and wind power.
It was a student in January 2006, when Katrina Panel reviewed the communications infrastructure during Hurricane Katrina and made recommendations to Federal Communication Commission for improvements in disaster preparedness, network believability. In June 2007, the Commission released the Katrina Panel Order directing the Public Safety and Homeland Security Bureau to implement several of the recommendations. Among them was an order that cell sites, normally powered from local AC Commercial power, install backup power sources that can operate a minimum of eight hours throughout an emergency.
As the industry argued over-the-counter rule as well as its implementation, private sector energy storage company, Balqon Corporation, was busy seeking solutions that balanced safety and economics interest of both government and telecom industry. In 2011, the machines started shipping backup storage batteries in which may be arraigned with conventional fossil fuel generators at remote sites absolutely no grid availability, as well as cell sites where batteries is able to do the purpose of load shaving during peak load time periods.
The economics of charging the batteries at remote sites with existing generators or electrical power sources pertaining to instance wind or solar panels reduced the of engine generators from 24 hours to lower 4 hours per day. This resulted in lower fuel costs, maintenance costs and fuel delivery costs, which well over offset the additional cost of Lithium Batteries supplied by Balqon. Discuss witnessed over these remote sites has brought about delivery of these systems to international customers in South Africa, Australia and India, reducing operating costs and improving system reliability in countries where reliability of grid power is know.
With over 12,000 new cell sites being installed every year in Aid businesses and over 75,000 cell sites being installed worldwide, energy storage at the way can be described as win-win relationship between energy storage providers such as Balqon, telecom industry and local governments.
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