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If you are in a quandary whether to replace your Lead-Acid Forklift battery with a Lithium-Ion battery, you have come to the right place. For the uninitiated, there are two types of electric forklifts in the market today. Those powered by Lead-Acid Batteries (also known as LAB) and those powered by Lithium Ion Batteries (also known as LIB).
Compared to a Lithium-ion battery, the Lead-Acid batteries are much cheaper and pose lower initial costs (low Capex) to the end user. However, the Lead-Acid batteries require a lot of maintenance and come with their own demerits as compared to Li-ion batteries which are maintenance free. Companies around the world have begun to realize the long term advantages of the Lithium-ion batteries.
So is a Lithium-ion battery really a game changer? Is it economical in the long run? What advantages do they have? There could be many such questions that could be lingering in your mind if you are a decision maker.
So, if you are thinking about switching over to Lithium batteries, but not sure if it is right for your business, we list out 10 factors of ownership to be considered w.r.t. lead-acid batteries and Lithium-ion batteries that would help you make the right decision.
So what applications are most suitable for Lithium-ion forklift batteries?
Today, if you run any facility that has multi-shift requirements – such as a cold storage facility or a large distribution center or any facility dealing with material handling, where operations continue 24X7, you need Lithium-ion batteries. Lithium-ion batteries would not only prove to be better return on investment in the long run, it would also make the operations more efficient.
Raymond – a leading material handling electric vehicle manufacturer has published a cost savings calculator (Check here). As per Raymond, a big facility would realize the return on investment on a Lithium-ion battery within months, and provide substantial savings in the long run.
Electrovaya’s Lithium-ion Ceramic battery solutions
A large number of our clients who are Fortune 100 companies have done the math and realized that having a Lithium-ion forklift battery reduces their operational cost, increases productivity and helps eliminate down time because of its ease of use.
You can find here some of the businesses that have benefited from our battery solutions. Electrovaya’s battery technology provides proven cost saving by providing industry leading cycle life, high safety and high reliability. Click here to find out more about how our solutions can make a difference to your business.