Nickel and dime batteries to LFP
Lithium-iron phosphate batteries are making a comeback. Thanks to high nickel prices and limited feedstock supply, the EV industry is driving this change. There is no need to fret about the onset of slightly lower energy density, though, as this development has some benefits for the stationary storage market.
Quite a few things happened at Tesla’s Battery Day last year. The EV maker announced the 1-million-mile battery, for example. And while that announcement stole the show, there was another bit of information in that message that could affect the stationary storage market. Tesla said that it would use CATL-made lithium-iron-phosphate (LFP) batteries for its …
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