UK-based lead-acid battery machinery maker TBS Engineering has said a move into a new “global HQ” in Gloucestershire in June will spur its push to grow the batteries and energy storage sector.
TBS group MD David Longney said: “There’s a bright future for lead-acid batteries, there is no doubt about that and we’re fully committed to it.
“Our mission is to continue to use technology to make energy storage, of all types, even greener and more productive.”
“In 2018, the global lead acid battery market was valued at $48.56 billion,” Longney said. “It’s expected to witness further growth owing to its increasing usage in vehicles and UPS, along with advancements in manufacturing processes, increasing at a compound annual growth rate of 7.14% during the forecast period (2018-2020).”
The TBS group turnovers GBP40 million and employs more than 200 worldwide, with operations in China, Canada and the UK.
The company announced last year it was building a new 100,000 sq ft facility. Once ready, it will close its existing operation in Cheltenham— where it has traded for the past 50 years since being founded by Thomas B Stamp.