The lead battery industry could be in line for a $10 billion share of the burgeoning energy storage market within the next decade.
Research into upcoming projects and opportunities indicated that the ESS landscape is forecast to be 550GWh by 2030 with a value of $30-$50 billion for all battery technologies.
The lead battery industry has set its sights on securing 100GWh of that potentially lucrative ESS market.
CBI launched its first technical roadmap in 2019 setting specific goals for the end of 2022.
“It was all really market-driven. We used those targets to select our program. And the result of the
projects that we funded have pretty much shown that we delivered on these goals that we set.”
There are now batteries on the market, primarily from our members in the US and Asia, that meet that criteria.
This means there are now have advanced lead batteries on the market-oriented toward ESS that have an impressive globalized cost of ownership for the system, says Raiford.
“The way we view it as battery scientists is cycle life — most key stakeholders look at it from total cost of ownership.
“So we see stationary batteries now that really perform along the lines of lithium.”