Gaensel Energy Group's
PROTONSTAR Stakes
Positions in the 100 Billion Dollar Battery Industry
Salt Lake City,
UT -- February 1, 2022 -- InvestorsHub NewsWire
-- Protonstar SAGL
has developed and holds the patent for a Hydrogen Nickel based
energy storage system that promises to advance the global pursuit
to develop renewable energy solutions as alternatives to fossil
fuels. At the end of 2021, international finance and holding
company Gaensel Energy Group acquired 30% of Protonstar, adding
their technology to Gaensel's portfolio of biotech, commodities,
and renewable energy projects and holdings.
"Protonstar provided an unmissable
opportunity to get in on a project that will disrupt the energy
market and offer major breakthroughs for clean energy," says Peter
Koley, Chief Financial Officer, Gaensel Energy Group. "Moving away
from fossil fuels as climate change poses a greater and greater
threat means a demand for reliable and sustainable energy sources,
worldwide."
The global battery market size was
valued at USD 108.4 billion
in 2019 and is expected
to grow at a compound annual growth rate (CAGR) of 14.1% from 2020
to 2027, https://www.grandviewresearch.com/industry-analysis/battery-market
As
electricity and other sources like solar power have positioned
themselves to be strong alternatives to coal and oil, a major
problem of excess-energy storage remains. These sources are able to
produce a surplus and in order to maximize sustainability and serve
the demand of today's world, there will need to be energy storage
technology that will be able to disperse and dispense the surplus
energy, when needed.
"That's where Protonstar's battery
comes in." As a technology that is not chemically based, and not
centralized around Lithium—which has a mining process that is
holding up some renewable battery technologies and driving up
costs—the battery has what the company claims will be unlimited
quantities of charge cycles and variable charge-lifespans, making
it different than any technology on the market today. "This means
that charging and dying won't degrade the battery to obsolescence
over time, and the technology may solve many energies storage needs
that the industry is currently looking to overcome."
The battery can also withstand
varying conditions, reacting somewhat negatively to very low
temperatures that may reduce overall performance, at least at this
stage of development. "Some express concern over the use of
hydrogen, however the structure of this battery means that the
element is only released when needed and a metallic lattice
structure eliminates any risk of explosion. Even if subject to a
crash or large impact, the Hydrogen only releases slowly into the
environment."
The same hydrogen released can be
used as it is for many industrial processes, such as the plastics
industry, the steel industry, the agri-food chain, or be used to
power fuel cells and then be converted into electricity to use for
example in automotive industry. The interest in the use of fuel
cells has been held back by the high cost of industrial production
and storage of hydrogen, and often also by the cost due to the
environmental impact due to the production processes. The
Protonstar battery releases hydrogen with zero environmental
impact.
Recent tests confirm a zero
self-deloading when a tiny overvoltage is applied to the fully
charged cell.
About
Gaensel Energy Group, Inc. (OTC-GEGR):
Gaensel Energy Group
asset base currently consists of proven companies in
Biotech,
Commodities, Health,
Beauty – Fashion, Green and Renewable Energy, and Technology.
The
management teams for
each of these divisions are actively seeking similar partners in
each space
for expansion and
additional acquisitions. We have been listed on the United States
OTC
Markets since 2002 and
the Company is current. Our current private placement
offering:
https://ppm.gegrgroup.com/
Gaensel Energy Group,
Inc.
57 West 200
South
Suite 300
Salt Lake City, UT
84101
admin@gegrgroup.com
Phone: +1
518-567-3649
https://www.gegrgroup.com
https://twitter.com/gegrgroup
PROTONSTAR Sagl
Protonstar is a Swiss Research and
development company specializing in technological devices in the
energy sector. Gaensel Energy Group has acquired projects in the
stem cell and regenerative medicine space, as well as in green
energy and wind technology, to name a few from their extensive
portfolio. Working together, the companies promise to maximize the
potential impact of the Hydrogen and Nickel based energy storage
system, launching it as a solution to a global renewable technology
problem that is holding the world back from a cleaner future in the
energy space.
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include the possibility that the proposed transaction does not
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not to place undue reliance upon any forward-looking statements,
which speak only as of the date made.