Total Installed Capacity of Advanced Lead-Acid Batteries to Surpass 5 Gigawatts by 2020, Forecasts Navigant Research

  Total Installed Capacity of Advanced Lead-Acid Batteries to Surpass 5
  Gigawatts by 2020, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- April 18, 2013

In the coming years, advances in lead-acid battery (LAB) technology will
enhance the core technical features of these batteries in order to meet the
growing demand for dynamic energy storage, particularly for renewable
distributed energy generation. These innovations will enable lead-acid battery
vendors to retain significant market share despite persistent competition from
other technologies, such as lithium ion batteries. According to a recent
report from Navigant Research, the worldwide installed capacity of advanced
lead-acid batteries will grow from 77 megawatts in 2013 to 5,044 megawatts in
2020.

“Advanced lead-acid batteries represent a technology that bridges the gap
between legacy forms of battery storage and the future market,” says Kerry-Ann
Adamson, research director with Navigant Research. “Although the industry is
enthralled with the technical features of lithium ion batteries, cost
decreases that will enable mass market adoption are not likely to arrive until
the latter part of this decade. As a result, advanced lead-acid batteries are
well-positioned to capture market share in motive, transportation, and
stationary applications.”

Enhanced flooded batteries and absorbed glass mat batteries represent the bulk
of existing advanced lead-acid market share, according to the report, while
fast-charging lead-acid batteries represent the future of the market.
Fast-charging LABs include batteries with carbon additives and split electrode
batteries such as the UltraBattery—a hybrid lead-acid battery and
ultracapacitor.

The report, “Advanced Lead-Acid Batteries”, analyzes the technical advances in
advanced lead-acid and fast-charging lead-acid batteries, which dramatically
improve the capabilities of lead-based batteries. The report includes a
detailed analysis of the microdrivers in each target application, along with
technical comparisons of advanced lead-acid batteries with competing battery
technologies. The market opportunities and challenges for stationary,
transportation, and motive applications are detailed, as well. Leading market
players for each application are profiled, and market revenues are forecast by
application and world region through 2020. An Executive Summary of the report
is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Advanced Lead-Acid Batteries,” is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results may
differ materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies used to
create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com