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Battery Prices

Battery Price Highlights:   July 2008


Summary

Across this month's survey of 471 prices from 28 online retailers, there were 5 price increases offset by 2 price decreases. This contrasts with last month where there were 44 price increases and 11 price decreases. In eleven of the last twelve months, the number price increases has exceeded the decreases.

Unlike like the methodology for the solar module price index computation (which separates out European based dealers from United States dealers, the Battery index pools all the prices in the survey and simply translates them in to either dollars or euros (no matter what the originating currency is).

The European index is simply the (worldwide survey) dollar index as represented in euros. It does not represent "European only" retailers.

In the past month, the dollar marginally weakened against the euro. As a result, the overall euro index is down to 1.29 per output watt hour.

Unlike solar modules and inverters, batteries are a mature technology and a product that is used in volume outside the solar energy industry. Consequently, the opportunity for major cost breakthroughs over the medium term is limited.

Batteries are used in the substantial off-grid solar markets, but also in on-grid markets, where the customer requires power even during periods that the electricity grid is down. Batteries can account for around 15% of the cost of an installed Solar Energy System.

While there are many more Battery Manufacturers (click here to see listing) than Solar Cell Manufacturers, the market is segmented both by Battery Technology and location. Not all Battery Manufacturers serve the solar electric market.

Lead acid batteries can be categorized in different ways. The first is by the form of construction of the electrode plates, either as flat plates or tubes. Tubular plates offer larger capacities. The lead used to make the plates is generally alloyed with elements like antimony, selenium, arsenic, calcium or tin to optimize battery characteristics.

The second is according to whether the battery is vented or valve-regulated. In a vented battery, gas produced during over-charging can escape, but the lost water has to be replaced.

Valve regulated lead acid cells (VRLA) are sealed and the gas produced during over-charging at the positive electrode is re-converted to water at the negative electrode. A valve regulates excessive pressure build up.

There are two types of VRLA batteries. In one, the acid is absorbed in a glass mat (AGM) and in the other, the acid is immobilized in a gel. VRLA batteries, especially AGM types are more temperature sensitive than vented batteries and should be operated at temperatures close to 20°C for long life.

The high weight to price ratio means that where possible companies minimize transportation of batteries. Therefore, it is typical, for example, for a European Manufacturer to mainly serve European markets.

The Price Index is based upon "Price per watt hour" rating. This is not a perfect measure, since technology choice and other technical factors are relevant. However, the consistent approach in the Index provides an accurate guide on the direction and magnitude of changes.

The Index calculation is based upon the aggregate of all the prices divided by the aggregate output watts at 20 Amp hours. Consequently a price per watt hour at 20 amp hours of discharge is the result.

All Battery Index
US$/
per Output
watt Hour
Euro /
per Output
watt Hour
Jul
2008
2.04
1.29
Jun
2008
2.04
1.31
May
2008
2.03
1.30
Apr
2008
2.03
1.28
Mar
2008
2.00
1.32
Feb
2008
2.01
1.37
Jan
2008
2.00
1.36
Dec
2007
1.98
1.41
Nov
2007
1.95
1.34
Oct
2007
1.90
1.35
Sep
2007
1.86
1.36
Aug
2007
1.80
1.31
Jul
2007
1.76
1.28
Jun
2007
1.75
1.29
May
2007
1.71
1.27
Apr
2007
1.68
1.26
Mar
2007
1.65
1.25
Feb
2007
1.65
1.27
Jan
2007
1.65
1.25
Dec
2006
1.65
1.24
Nov
2006
1.65
1.29
Oct
2006
1.65
1.29
Sept
2006
1.65
1.29
Aug
2006
1.64
1.28
July
2006
1.64
1.28
June
2006
1.64
1.26
May
2006
1.64
1.30
Apr
2006
1.63
1.34
Mar
2006
1.63
1.35
Feb
2006
1.63
1.35
Jan
2006
1.63
1.39
Dec
2005
1.62
1.38
Number and direction of Battery Price Changes


Our Battery price surveys typically show one of the smallest moves in product prices of any components in a solar electric functioning system.

Price Changes
Jul
2007
Aug
2007
Sep
2007
Oct
2007
Nov
2007
Dec
2007
Jan
2008
Feb
2008
Mar
2008
Apr
2008
May
2008
Jun
2008
Jul
2008
Number of Prices that Increased
57
94
90
105
100
73
62
31
6
47
27
44
5
Number of Prices that Decreased
10
14
12
1
5
7
4
12
33
18
15
11
2
Number of Prices Unchanged
520
434
434
439
434
454
468
493
485
439
457
400
464

Note the movement in the Index does not always move in the same direction as the ratio of price increase to decrease. This can be caused either by the changing mix of battery types or the magnitude of the price movements.
Size of Battery Price Survey


While the overall average is around two price points per product, a large number of products with single listings in the survey. The highest entry had 12 listings for a single product in the July 2008 survey.

Survey Base
Jul
2007
Aug
2007
Sep
2007
Oct
2007
Nov
2007
Dec
2007
Jan
2008
Feb
2008
Mar
2008
Apr
2008
May
2008
Jun
2008
Jul
2008
Number of Companies in Survey
40
38
37
37
37
35
33
33
31
30
31
29
28
Number of Prices Tracked
587
542
536
545
539
534
534
536
524
504
499
455
471
Number of Product Models
232
220
211
207
205
189
186
189
178
152
160
162
151

Most product listings are from companies marketing out of the United States. These companies market solar products globally. There is less public display of prices in the key Japanese and German markets. However, the survey does include companies from USA, Germany, United Kingdom, South Africa, Australia, France, Brazil, and Canada. Exchange rate conversions are made on the date of the survey.

In order to retain consistency in the data, the prices are based on the purchase of one battery and are the lowest price displayed on the Internet site (sometimes, this price is described as a 'sale price'). Most sales companies offer discounts on multiple unit purchases and some companies offer to match the lowest price of competitors.

Major Battery Brands*

Major Product Brands covered in the survey are listed below. Click on the underlined names below to go to the Company websites or click here to go to names, addresses and contact details.

Northern
Battery
Bären Batterie GmbH
Delco
Resource
Commander

* some manufacturers market under multiple brand names

Battery Prices

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