You can renew the batteries, but the powersounder is designed to be a sealed unit. You can cut it open along the join carefully and open it - there are two different types of battery IIRC, one type is coin cells, and the other are Varta Mempacs which are soldered to the circuit board. If you are handy with a soldering iron, you can replace them for less than a tenner. I've recently done mine, and it was a pretty straightforward job as long as you have a bit of patience!
Here's what they look like inside - both types, mine was the second:
http://www.omegaowners.com/forum/YaBB.pl?num=1240077701Here is a good site selling the batteries at a decent price...
http://www.budgetbatteries.co.uk/20940/3-v150h-size-mempac-nimh-3-6v-150mah-varta-rechargeable-memory-protection-battery-pcb-mount/(the replacements are genuine Varta but only have a single negative pin but that's no issue as the pattern still matches the PCB hole)
Once done, put the two halves back together, and waterproof the join with silicon sealant.
Alternative is to get a replacement unit - around £60 on eBay, around £100 from GM