$MVTG From shareholder update...."Energy storage is quickly becoming one of the most exciting markets in the world," says Mantra's CEO Larry Kristof. "Mantra is uniquely positioned to address this market from two angles; both ERC and the MRFC are potential game changers." http://ih.advfn.com/p.php?pid=nmona&article=61329291
It seems our ceo at Mantra is right on target!
...According to the market research institute IHS Inc. (Englewood, USA), the market for grid-connected energy storage systems is on the verge of rapid expansion. The worldwide capacity of grid-connected energy storage systems currently stands at 340 megawatts (MW) but IHS are expecting this figure to rise to 6 gigawatts (GW) by 2017 and to a staggering 40 GW by 2022. The market research institute has identified the USA, Germany and Japan as the sector’s key markets. It puts the dramatic market growth down to the burgeoning demand for storage capacities brought about by the increased proportion of power generated using renewable energy as well as the resulting objectives and incentive systems."