Raw materials prices, currency fluctuations hitting lead acid in energy storage market

LinkedIn
Twitter
Reddit
Facebook
Email
Lead acid batteries in lab testing. Image: US National Institute of Standards and Technology.

Battery vendors are being hit by a combination of rising prices for raw materials and continuing currency uncertainty, resulting in rapidly changing costs for businesses according to Easystart.

The lead acid battery supplier has reported a recent 30% increase in the cost of producing its products as a result of a higher cost for lead and fluctuations associated with global currencies.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

With Brexit continuing to cast a long shadow over all industries alongside the impact of President Trump, the company has experienced a swing of up to 5% in its costs in some weeks. However, Easystart has said it was no choice to accept these variations as part of its businesses instead of passing on the continually changing costs to consumers.

“There’s absolutely nothing to do about it,” a company spokesperson said at Solar & Storage Live, Solar Media's three-day dedicated exhibition and conference taking place in Birmingham, England, this week.

He added that the UK business was also still subject to the effects of last year’s feed-in tariff cuts, which have put the demand and interest in home storage back to levels seen in 2015, suggesting little progress has been made in boosting the residential market for battery storage.

However, the spokesperson said that while Easystart has little visibility on the applications its range of gel batteries are used for, its customers are purchasing larger quantities suggesting they are expecting business to pick up going forward.

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

May 22, 2025
ACE Power has submitted a BESS of up to 8,000MWh in New South Wales to the Australian government’s EPBC Act.
May 21, 2025
Installed battery storage capacity in California, US has grown from 771MW in 2019 to more than 15,500MW as of 31 January, 2025.
Premium
May 21, 2025
ESN Premium speaks with Dr. Yinghuang Ji, head of structuring at MN8 Energy, on current challenges and opportunities for growth in the energy storage market.
May 21, 2025
Commissioning has commenced on the 111MW/285MWh Templers battery energy storage system (BESS) in South Australia.
May 21, 2025
Delivering on its 2025 election pledge, Australia’s Labor government has announced it will introduce the Cheaper Home Batteries Program from 1 July 2025.

Most Popular

Email Newsletter