Energy storage solutions are one of the most critical components across different clean technology (cleantech) applications, ranging from electric vehicles to stationary energy storage applications for on-grid, off-grid and renewable sources.
Cleantech startup New Resources Technology (NRT) has developed advanced battery cell technologies that improve existing product performance to achieve higher power and energy density, as well as longer life cycle and safety.
The firm specialises in designing and manufacturing lithium battery systems for automotive and energy storage systems.
“NRT is continually evolving, adapting and innovating its energy storage technologies as we understand how essential it is for customers and key partners to create sustainability in their businesses,” said the company’s CEO, Kelvin Lim.
The firm’s solutions overcome common challenges faced in energy storage, including low energy density that results in heavier weight, a longer charge time, and a higher cost of investment.
“Through in-house research and development and ongoing collaboration with strategic partners and research collaborators, NRT’s lithium ion battery solutions are designed and proven to offer end-user such as electric vehicle manufacturers and stationary energy storage partners a light-weight, fast-charging and a cost-effective solution,” said Mr Lim.
NRT focuses on four main market segments: Clean-technology vehicles such as electric and hybrid-electric vehicles; specialty and autonomous vehicles; industrial and residential uninterruptible power supplies; and large-scale energy storage for smart and microgrid operations. The company has a market presence in more than 20 cities in China, South-east Asia, Japan, Europe and India.
“Our battery system is currently used by leading manufacturers and system integrators globally for a wide range of applications,” said Mr Lim.
With stronger commitments from governments around the world to reduce or eliminate carbon emissions from as early as 2025, demand for electric vehicles is expected to grow strongly, he added.
For instance, the population of new energy vehicles in China is targeted to reach 5 million units by the 2020, while the sale of fuel vehicles will be banned from 2025 in the Netherlands, and 2030 in Germany and India.