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In 2021, the lead battery industry invested nearly $113 million in research and innovation. The U.S. provides more than 165 GWh of annual lead battery manufacturing capacity. Supplying 50% of the world’s energy storage needs. *Updated Stat: Nearly 45% – Global rechargeable battery market supported by lead batteries.
Up to 20 years: A lead battery’s demonstrated lifespan. An Innovation Roadmap for Advanced Lead Batteries, CBI, 2019. 100% By 2030, the cycle life of current lead battery energy storage systems is expected to double. Electricity Storage and Renewables: Costs and Markets to 2030, page 124, IRENA, October 2017.
An established recycling infrastructure gives lead batteries a nearly 100% recycling rate. This steady supply of recycled lead battery components means a typical new lead battery is comprised of more than 80% recycled material.
3% – Expected growth of the 12V lead battery automotive market between 2020-2030 and a market value of $30.1B. 76% – Motive power battery demand in applications such as forklifts, is met by lead batteries. +206 GWh Annual manufacturing capacity of lead batteries in North America.
Lead batteries are an integral part of start-stop and micro-hybrid vehicle engine systems, which lower fuel consumption by up to 10%. Over 60% of the world’s rechargeable energy storage needs are met by lead batteries. *Updated Stat: 50% of the world’s rechargeable energy storage needs are met by lead batteries.