Lithium iron phosphate batteries (LFPBs) have gained widespread acceptance for energy storage due to their exceptional properties, including a long-life cycle and high energy density. Currently, lithium-ion batteries are experiencing numerous end-of-life issues, which necessitate urgent recycling measures.
Learn more. In recent years, the penetration rate of lithium iron phosphate batteries in the energy storage field has surged, underscoring the pressing need to recycle retired LiFePO 4 (LFP) batteries within the framework of low carbon and sustainable development.
The recycling of retired power batteries, a core energy supply component of electric vehicles (EVs), is necessary for developing a sustainable EV industry. Here, we comprehensively review the current status and technical challenges of recycling lithium iron phosphate (LFP) batteries.
Lithium iron phosphate batteries officially surpassed ternary batteries in 2021 with 52% of installed capacity. Analysts estimate that its market share will exceed 60% in 2024.
Lithium iron phosphate (LiFePO 4, LFP) has long been a key player in the lithium battery industry for its exceptional stability, safety, and cost-effectiveness as a cathode material.
... The use of lithium iron phosphate, LiFePO 4, as positive electrode in LIBs is nowadays increasing and is expected to become one of the most widely commercially used cathodes because of its safety , low cost, thermal stability, reliability and long cycle life .