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Why lithium iron phosphate (LiFePO4 ) batteries are suitable for industrial and commercial applications.
Posted by : Vanya Smythe in Lithium Batteries, Lithium Iron Phosphate (LiFePo4) 3 years, 1 month ago
Why lithium iron phosphate (LiFePO4 ) batteries are suitable for industrial and commercial applications. A few years in the energy sector is usually considered a blink of an eye. This makes the rapid transformation of the battery storage market in recent years even more remarkable. The battery storage landscape in the electricity sector is moving away from NiCd; it has shifted towards lithium-ion batteries, as well as advanced lead-acid. For many applications, lithium-ion has proved preferable to other chemistries with respect to energy and power density, cycle and calendar life, and cost. The lithium-ion deep discharge cycle life, energy and power density, and other attributes have proved preferable over other battery types. In conjunction with rapid cost decreases, this has led to increased deployment of lithium-ion. (IRENA, 2015).