Lithium iron phosphate battery technology is key to the future of clean energy storage, electric vehicle design, and a range of industrial, household, and leisure applications. In Part Two of this two-part interview, ICL’s Phil Brown gives us some valuable insights into the LFP batteries market and future top energy trends.
The lithium iron phosphate battery offers an alternative in the electric vehicle market. It could diversify battery manufacturing, supply chains and EV sales in North America and Europe. China dominates over 80% of total battery, but also ~95% of LFP production.
In this overview, we go over the past and present of lithium iron phosphate (LFP) as a successful case of technology transfer from the research bench to commercialization. The evolution of LFP technologies provides valuable guidelines for further improvement of LFP batteries and the rational design of next-generation batteries.
The Lithium Iron Phosphate (LFP) battery market, currently valued at over $13 billion, is on the brink of significant expansion. LFP batteries are poised to become a central component in our energy ecosystem.
Lithium Iron Phosphate (LiFePO4) batteries continue to dominate the battery storage arena in 2024 thanks to their high energy density, compact size, and long cycle life. You’ll find these batteries in a wide range of applications, ranging from solar batteries for off-grid systems to long-range electric vehicles.
ICL researchers are considering the entire spectrum of energy storage requirements and looking for improvements to existing LFP battery processes. One area of focus is lithium iron phosphate itself. ICL is strongly encouraging R&D into morphology and particle size.