Russia exports energy storage batteries

Will Russia's EV battery market be affected by sanctions?

June 2, 2022: Russia said on May 14 it was introducing controls on lead exports amid fears sanctions could disrupt the country’s heavy reliance on battery imports — but analysts warn the global energy storage and EV batteries market is set to suffer too.

Is Russia a big importer of batteries?

Russia is also a “far bigger importer of finished batteries than it is an exporter”, typically 160ktpa in versus 20ktpa out”. CRU’s lead analyst, Neil Hawkes, confirmed that all Russia’s lead output comes from recycling, with no primary smelters.

How will Russia and Ukraine affect electric vehicle batteries?

“Russia and Ukraine hold significant reserves of metals such as cobalt, nickel, platinum and palladium. Although for the prior commodities — save for palladium, at 40% world mined supply — neither are the world’s foremost suppliers, prices will be impacted and could impact electric vehicle batteries.”

Does Russia need energy storage?

Energy storage is a top priority for everyone active in renewable energy and Russia is no exception. The Kremlin has plans to draw 4.5 percent of electricity from renewable sources by 2024, which means 5.5 GW of renewables capacity and the energy storage systems to offset the intermittency of wind and solar energy generation.

How much lead acid batteries do EU countries export?

Data released to the public on April 2 from the International Lead Association and EUROBAT revealed that EU member states collectively export around €2 billion ($2.2 billion) of lead acid batteries alone to countries outside the bloc, including Russia.

How many EV batteries will Kaliningrad produce a year?

Rosatom says the Kaliningrad gigafactory will produce 50,000 EV batteries annually. US-based battery producer EnerSys announced last March that it was suspending its operations in Russia following the country’s “illegal military action against a sovereign Ukraine”.