Dragonfly Vitality is a privately held renewable power semiconductor manufacturing firm. The corporate was based in 2013 by Sean and Denis. The corporate has its headquarters situated in Reno, Nevada, USA, and is alleged to deal with round 50-200 workers.
Whereas fossil fuels have been the first supply of power prior to now, renewable sources are the popular sources owing to their qualities like being much less polluting and available. Whereas the era of latest power is feasible, Dragonfly Vitality helps facilitate the storage of this clear power.
The corporate focuses on creating know-how that facilitates the storage of power on the most minimal price doable and likewise makes certain that the developed know-how is accessible to nearly everybody.
The corporate works on the notion that power storage means that are accessible and efficient are the renewable power panorama of the long run.
Dragonfly Vitality – The Starting
Sean and Denis are the founders of Dragonfly Vitality, which operates from Reno, Nevada. Each of them met one another on the College of Nevada in Reno, whereas they have been attending grad faculty. Regardless that they each had fairly a grasp within the space of power storage, the information shared by them was distinct.
Combining each their experience, Sean and Denis have been destined to seek out an revolutionary and efficient alternative for the standard lead-acid batteries.
With correct analysis and research, they got here to the belief that focusing their tasks on lithium-ion batteries was destined to grant them the consequence that they have been in search of. The choice to deal with lithium-ion batteries lastly gave them the wanted consequence and so they made their first battery.
As their experiments and analysis gave them a profitable consequence, Sean and Denis formally opened Dragonfly Vitality on March 6, 2014.
Profitable the Donald W. Reynolds Governor’s Cup Collegiate Enterprise Plan Competitors two occasions in numerous classes was a reassurance for the duo that they have been on the suitable path and that their thought did have a objective sooner or later.
The competitors additionally helped them with the wanted monetary help to open their first brick-and-mortar retailer, which finally went on to grow to be the Dragonfly Vitality that we see right this moment.
Now, the merchandise of Dragonfly Vitality that are bought beneath the model Battle Born Battery, are among the best lithium-ion batteries which might be accessible in our market.
Dragonfly Vitality – The Mission
Dragonfly Vitality is without doubt one of the main producers of deep-cycle lithium-ion batteries, which is aimed toward constructing and offering an improved answer for efficient power storage, in comparison with conventional lead-acid batteries.
The batteries manufactured by Dragonfly Energies are stated to energy totally different units and home equipment, ranging from easy family units to even RVs.
The corporate not solely manufactures the batteries but additionally makes certain that the inexperienced power retailer is offered and accessible to all. The corporate additionally carries out analysis within the discipline of lithium-ion batteries for creating a greater mannequin than the prevailing one and likewise convey new improvements and adjustments.
The merchandise which might be manufactured by the corporate are made accessible for patrons beneath the title Battle Born Batteries.
Dragonfly Vitality – The Group
Dragonfly Vitality is an American renewable power semiconductor manufacturing firm that has its headquarters in Reno, Nevada, USA. The corporate was established by Sean and Denis and was formally opened in 2014.
Dr. Dennis Phares is the present president and chief govt officer of the corporate. Earlier than Dragonfly Vitality, Phares used to work as a tenured professor of Aerospace and Mechanical Engineering on the College of Southern California.
Phares has a minimal expertise of 15 years within the discipline and he’s additionally the holder of a number of patents which play a key function within the improvement of lithium-ion know-how.
He additionally holds a bachelor’s diploma in physics from Villanova College. He additionally has a grasp’s diploma and likewise a Ph.D. in Environmental Engineering Science from Caltech. He earned his MBA from the College of Nevada, the place he met the co-founder of the corporate.
John Marchetti, who used to work because the managing director and senior analysis analyst at Stifel, at the moment serves because the Chief monetary officer of the corporate.
The remaining necessary personalities related to the corporate embody the chief income officer Wade Seaburg, Chief authorized officer Nicole Harvey, and chief advertising and marketing officer Tyler Bourns. Dr. Denis Phares additionally serves because the chairman of the board of administrators of the corporate.
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Motive To Make investments In Lithium Shares
Whereas older occasions trusted lead-acid batteries for power wants, lithium-ion batteries are destined to interchange typical ones within the coming future.
As lithium-ion batteries have a much less dangerous affect on nature when in comparison with conventional ones, lithium-ion batteries might be most well-liked within the coming years by nearly everybody.
Additionally, it must be famous that being a light-weight steel, lithium is without doubt one of the key components within the making of light-weight power-dense batteries that are utilized in electrical automobiles.
As there’s a world shift from conventional automobiles to electrical automobiles owing to the excessive value of fuels and likewise as a result of excessive threat of environmental air pollution. Because of such causes, there had been an nearly 57% rise within the sale of electrical automobiles in 2022 on a year-over-year foundation.
As there’s a excessive demand for electrical car batteries, the value of lithium has additionally seen a sudden surge. In response to the accessible stories the value of lithium is alleged to have quadrupled over the 12 months to September 2022.
In response to Elon Musk, who’s the proprietor of one of many largest electrical automotive firms Tesla, lithium batteries might be probably the most necessary commodities sooner or later.
He has identified that switching to an electrical car would possibly reduce the reliance on power however folks will moderately begin to depend on lithium batteries, which prompted him to say that “lithium batteries are the brand new oil.”
As there are solely fairly just a few firms which might be engaged in mining, processing, and refining lithium as of now. Different firms are simply of their early stage and are nonetheless engaged on their lithium merchandise.
Earlier than investing in lithium, components just like the income of the corporate, value of lithium, high quality of their merchandise, and likewise the potential of the corporate for inventory returns also needs to be thought of.
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