Lead Acid Battery Market Growth to Be Driven By EV Demand

March 16, 2023 at 10:41 AM EDT

When most people think of electric vehicle (EV) batteries, the lithium-ion battery typically comes to mind. Although it’s true that EVs are powered by lithium-ion batteries, many don’t realize that these high-tech new vehicle models also use good old lead-acid 12-volt batteries.

That’s because EVs have electrical systems that require power all the time, like the locking system, engine control unit and 4G modem and a 12-volt battery is a cheaper, safer and more efficient option compared to using the main battery.

When you consider all of the other financial and technical challenges involved in building an EV, using a 12-volt system for the vehicle’s computers and accessories makes a lot of sense.

As the EV market grows, more batteries like these will be needed, but it isn’t just EVs that use lead acid batteries. In fact, lead acid batteries are among the most highly sought-after batteries in the world, with significant applications in automotive (ignition, lighting, and starting), emergency power for electrical installations, and submarine standby.

The global lead acid battery market is expected to rise to $47B per year in 2030.

HydroGraph Clean Power(CSE:HG) recently entered the graphene battery market through a partnership with Ceylon Graphene Technologies that could revolutionize that market by improving the charge capacity of lead acid batteries by 47%. This partnership is a “revolutionary” step forward for a vital part of the growing EV industry.

The Best Graphene on the Market

HydroGraph is one of the world’s purest graphene producers and is currently positioned to be a global leader in commercializing graphene on a large scale.

On March 14, HydroGraph Clean Power announced its entrance into the battery market through a partnership with Ceylon Graphene Technologies Ltd. (CGT), a world leader in graphene materials. The partnership was formed through a letter of intent (LOI) with LOLC Advanced Technologies (LOLC AT), which owns a majority share of CGT through a joint venture with the Sri Lanka Institute of Nanotechnology (SLINTEC).

The partnership will be based on a new composite graphene blend that makes lead acid batteries accept charges 47% better. HydroGraph and LOLC AT agreed to make this product available to the public and go after the lead acid battery market, which is expected to be worth more than $47 billion by 2030, in part because electric vehicles need the product.

In the coming months, HydroGraph and LOLC AT will make the full structure of their partnership official. While HydroGraph‘s fractal graphene and CGT’s reduced graphene oxide are being tested and analyzed, lead acid batteries will be built and tested with the composite graphene blend of HydroGraph‘s fractal graphene and CGT’s reduced graphene oxide. HydroGraph will be in charge of selling and marketing the combined graphene product to the global market for lead acid batteries and other commercial uses.

HydroGraph and CGT have been working together for more than six months to find uses for their materials that work well together. The result is that the combined graphene products have better qualities that make them unique. HydroGraph and CGT will keep coming up with new ways to use the composite graphene blend in other markets.

The signing of this LOI is another illustration of HydroGraph’s commitment to achieving its lofty commercialization targets for 2023. HydroGraph has adopted a very structured business development strategy to support applications and increase customer confidence in the highest purity graphene available today.

HydroGraph was recently approved for trading on the OTCQB Venture Market with DTC certification under the symbol “HGCPF”, offering access to a broader US shareholder base.

For a full report on HydroGraph Clean Power (CSE:HG) (OTC:HGCPF) click here, and to download the investor deck please visit this link.

SOURCE HydroGraph Clean Power (CSE:HG) (OTC:HGCPF)

Featured Image @ Freepik

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding HydroGraph Clean Power Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to HydroGraph Clean Power Inc.’s industry; (b) market opportunity; (c) HydroGraph Clean Power Inc.’s business plans and strategies; (d) services that HydroGraph Clean Power Inc. intends to offer; (e) HydroGraph Clean Power Inc.s milestone projections and targets; (f) HydroGraph Clean Power Inc.’s expectations regarding receipt of approval for regulatory applications; (g) HydroGraph Clean Power Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) HydroGraph Clean Power Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute HydroGraph Clean Power Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) HydroGraph Clean Power Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) HydroGraph Clean Power Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) HydroGraph Clean Power Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of HydroGraph Clean Power Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) HydroGraph Clean Power Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact HydroGraph Clean Power Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing HydroGraph Clean Power Inc.’s business operations (e) HydroGraph Clean Power Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, HydroGraph Clean Power Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does HydroGraph Clean Power Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither HydroGraph Clean Power Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of HydroGraph Clean Power Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of HydroGraph Clean Power Inc. or such entities and are not necessarily indicative of future performance of HydroGraph Clean Power Inc. or such entities.

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