The US lead battery industry contributed more than $28 billion of total economic output to the national economy in 2016, a new study has revealed.
In addition, the jobs of more than 95,000 US workers depended on lead batteries, according to the study— Economic Contribution of the US Lead Battery Industry— prepared by the Economic Development Research Group for Battery Council International (BCI) and Essential Energy Everyday.
BCI president Jeff Elder said: “As demand for renewable energy increases, the need for sustainable and cost-effective energy storage increases as well. The lead battery industry’s circular economy helps create an extremely sustainable, environmentally friendly form of energy storage that produces significant economic benefits for the communities where we operate.”
The study said US tax revenue generated by the lead battery industry, comprising battery manufacturing, lead recycling and lead ore mining companies, was more than $2.4bn in 2016.
In 2016, the industry directly employed 20,550 workers and had a total payroll of $1.4 billion, the study said. “Business sales, which represent the revenue earned by companies in the lead battery industry, amounted to a total of $11.6bn.”