Can LFP technology retain its battery market share?
Electric vehicle (EV) and energy storage systems (ESS) battery sectors use a variety of battery technologies and chemistries. These sectors have expanded rapidly over the past decade and OEMs have settled on a few lithium-ion chemistries which now make up the majority of installations. In this brief insight we take a look at the development of LFP technology during the expansion of the EV and ESS markets and outline our future expectations.
This report is also available as part of Wood Mackenie's Energy Storage Service.
Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030.
Other reports you may be interested in
Croatia downstream oil long-term outlook
National oil company INA is to invest in one refinery while ceasing crude processing at the other, as the battle over its control continues.
$4,750West Taijinaier 1 - Lithium brine
A detailed analysis of the West Taijinaier 1 lithium brine operation.
$2,250Global products market weekly: Russia’s export ban lifts crude sentiment, diesel cracks rebound
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
