Chinese battery manufacturer Sacred Sun broke ground for the second phase of expansion to its industrial park in the Shandong province this week.
Global lead consumption will grow less than expected due to a slowdown in demand from Chinese lead-acid battery manufacturers, according to the Economist Intelligence Unit (EIU).
The EIU sees global lead consumption at 3.1% in 2014/15, down from an earlier estimate of 3.6%, primarily due to China continuing to destock lead battery supplies, emission monitoring is tightened and further outdated capacity is closed.
Sacred Sun, one of the largest manufacturers of lead-acid batteries in China, has entered into a technical collaboration with Japan-based Furukawa batteries to produce its patented super-long-life deep-cycle FCP series storage battery in Sacred Sun’s factory located in Qufu, China.
The product is targeted at the growing Chinese renewable energy and telecom stationary power market. In accordance with the agreement, Sacred Sun will get the full design and manufacturing technology of FCP products from Furukawa battery as well as the use of the “FCP” brand.
China's Shandong Sacred Sun Power has signed a lead-carbon battery production deal with Japanese battery manufacturer Furukawa Battery.
The agreement concedes Sacred Sun to produce Furukawa’s lead-carbon FCP battery series at its facility in Qufu, Shandong, China. The product will be sold in China in order to reach the renewable energy and stationary power market in China. The deal aims to raise up to Rmb255.6m ($41.11m) in private placement of shares.
Chinese battery maker Shandong Sacred Sun has recently completed a 1.274 MW solar photovoltaic power generation project at Beiji Island, a land reclamation project in China.
The energy storage component is made up of lithium-ion phosphate and lead-acid battery systems operating in parallel, to take advantage of the different charge/ discharge characteristics of each chemistry and to extend the service life of the system.
The system has eliminated the need to use diesel generators to provide electricity on the island.
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