Elektros Highlights Total Addressable Market of $14.3B Across Key Off-Grid Energy Storage Segments

Rhea-AI Summary

Elektros (OTC PINK:ELEK) has outlined its total addressable market (TAM) of $14.3B by 2025 across key off-grid energy storage segments. The company detailed five main market segments:

1. Emergency Response Infrastructure ($1.8B, 35% CAGR)
2. Telecommunications Infrastructure ($3.2B, 30% CAGR)
3. Data Centers & AI Infrastructure ($5.6B, 40% CAGR)
4. Florida Nursing Home Backup Systems ($900M, 22% CAGR)
5. Remote Residential Solar Systems ($2.8B, 20-25% growth)

The combined annual lithium demand across these segments is projected at 75,500 metric tons LCE, representing approximately 10% of global lithium production. The company plans to pursue CAGE Code certification in early 2025 to bid on federal contracts supporting U.S. grid modernization initiatives.

Positive

• Total addressable market projected at $14.3B by 2025
• High growth rates across segments (22-40% CAGR)
• Planned CAGE certification enables access to federal contracts
• Strong market position in high-demand sectors (data centers, telecom, emergency response)

Negative

• None.

SUNNY ISLES BEACH, FL / ACCESSWIRE / December 27, 2024 / Elektros (OTC PINK:ELEK), a leader in electric mobility and lithium mining, highlights total addressable market for off-grid energy storage demand for US, and South Florida region.

• Emergency Response Infrastructure Mobile command centers and temporary medical facilities. 35% CAGR, projected revenue of $1.8B by 2025. Average unit needs 50-75 kWh storage, consuming 35-55 kg LCE. Annual demand: ~6,000 metric tons LCE.

• Telecommunications Infrastructure Cell towers and remote communications equipment requiring constant power. Market trending at 30% CAGR, with expected revenue reaching $3.2B by 2025. Each tower typically requires 100-150 kWh storage, consuming 75-110 kg LCE per installation. Annual demand: ~18,000 metric tons LCE.

• Data Centers & AI Infrastructure High-demand computing facilities requiring uninterrupted power. Market expected to reach $5.6B by 2025, growing at 40% annually. Average data center requires 1-2 MWh storage capacity, using 750-1,500 kg LCE per installation. Annual demand: ~35,000 metric tons LCE.

• Florida Nursing Home Backup Systems State-mandated emergency power systems for elder care facilities. Market projected at $900M by 2025, growing at 22% annually. Average facility requires 150-200 kWh storage, using 110-150 kg LCE per installation. Annual demand: ~4,500 metric tons LCE.

• Remote Residential Solar Systems Primary application for homeowners living off utility lines. Current market shows 20-25% annual growth, with projected revenue of $2.8B by 2025 for lithium storage components. Average system requires 40-60 kWh storage capacity, translating to approximately 30-45 kg of lithium carbonate equivalent (LCE) per installation. Annual demand: ~12,000 metric tons LCE.

The total addressable market (TAM) across these segments projects to $14.3B by 2025, with combined annual lithium demand of approximately 75,500 metric tons LCE. This represents roughly 10% of global lithium production, highlighting significant growth opportunity in the off-grid storage sector.

Government Grants and Contracts

The Company plans to pursue a Commercial and Government Entity (CAGE) Code certification in early 2025, positioning the company to bid on federal contracts supporting U.S. grid modernization initiatives. The strategic move aligns with the company's expansion into government-sector energy storage solutions, targeting substantial infrastructure investment opportunities.

South Florida Events

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About Elektros, Inc.

Elektros (OTC PINK:ELEK) is a vertically integrated sustainable energy company focused on lithium mining, electric vehicle charging, solar energy storage, and power supply for AI data centers. We are at the forefront of the clean energy transition, driving innovation in mobility and energy technologies to combat the global climate crisis and deliver transformative user experiences. www.elektros.energy

Follow of Facebook: https://www.facebook.com/Elektrosenergy

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.'s products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs, and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
Elektros, Inc. IR and Media Inquiries
Email: ElektrosInc@gmail.com

SOURCE: Elektros, Inc.

View the original press release on accesswire.com

FAQ

What is Elektros (ELEK) total addressable market projection for 2025?

Elektros projects a total addressable market of $14.3B by 2025 across its key off-grid energy storage segments.

How much lithium demand does ELEK expect from its target markets annually?

ELEK expects a combined annual lithium demand of 75,500 metric tons LCE across all segments, representing about 10% of global lithium production.

What are the growth rates for ELEK's main market segments?

Growth rates vary by segment: Emergency Response (35% CAGR), Telecommunications (30% CAGR), Data Centers (40% CAGR), Nursing Homes (22% CAGR), and Residential Solar (20-25% CAGR).

When will Elektros (ELEK) pursue CAGE Code certification?

Elektros plans to pursue Commercial and Government Entity (CAGE) Code certification in early 2025.

What is the projected market size for ELEK's data center and AI infrastructure segment by 2025?

The data center and AI infrastructure segment is expected to reach $5.6B by 2025, growing at 40% annually.