IEM, through its wholly owned trading company, can procure any sort of lithium battery of all chemistries either for trading or energy storage solutions starting with under serviced regions, like Papua New Guinea per example.
The global energy storage market is expected to grow at an annual rate of 21% to 2030, according to Bloomberg NEF.
IEM believes that providing power storage solutions is a great opportunity to benefit from the growing demand for energy storage with the increasing adoption of renewable energy sources and electric vehicles. Power storage solutions, such as lithium-ion batteries, are essential for storing excess energy generated from sources like solar and wind power for use during periods of high demand or when the primary energy source is not available.