New Report Reveals How Lead Batteries are Featured in Chinese Energy Storage Systems
As the global power industry wrestles with the need to expand energy storage to accommodate renewable generation and meet soaring demand for electricity overall, a new CHR Metals Limited report states that countries like China are shifting some focus toward lead batteries over lithium for battery energy storage systems.
“The growth of lead battery energy storage systems in Asia, especially in China, is promising, driven by efforts to reduce fossil fuel use and achieve net-zero goals,” said Dr. Alistair Davidson, director of the Consortium for Battery Innovation. “With the energy storage market expected to exceed 400 GW by 2030, the CHR Metals analysis highlights significant opportunities for lead battery projects regionally and globally.”
Currently, only lithium-ion and lead batteries operate on a scale sufficient to meet demand, representing over 98 percent of the rechargeable battery market through 2030.
Lead batteries, known for their efficiency and reliability, continue to play a vital role in backup power for critical infrastructure, hybrid automotive, and motive power applications. Advanced lead batteries emerge as an ideal solution for energy storage, boasting superior performance, safety, and scalability to align with the U.S. and E.U.'s net-zero emission goals for 2050.
This week’s CHR Metals Limited Report also notes:
Contrary to misconceptions, lead batteries stand out as the most recycled and innovative products globally, minimizing the carbon footprint by utilizing recycled materials. Over 97 percent of lead batteries in North America and Europe are collected and recycled, with 85 percent of the recycled lead used in manufacturing new batteries—a testament to the circular economy in action. (Source: Association of Battery Recyclers)
Lead batteries can help deliver on climate-neutral pledges and provide energy resiliency in specific applications.
“Despite ongoing misconceptions, ongoing research and innovation have propelled advanced lead batteries to impressive strides in performance over the past decade,” added Davidson. “These advancements, including improved cycle life, lifetime, and overall energy efficiency, translate into substantial benefits in terms of total cost of ownership and reliability.”
While embracing an overall diversification of energy sources and plans to increase renewables, the versatility and proven performance of advanced lead batteries position them as a scalable and cost-effective solution to meet today's demands and future energy storage needs.