Battery storage project developers and utilities around the globe are switching from the widely-used lithium-ion chemistry of nickel manganese cobalt (NMC) to iron phosphate (LFP). Changing battery chemistries has broad implications for project design, financing, and costs. The lower costs of this chemistry are a major incentive driving the shift. But developers and utilities are also considering factors such as improved safety and the rapidly increasing demand for battery energy storage in grid-scale applications. The transition from NMC to LFP batteries represents an important step toward safer, more efficient, and more environmentally friendly energy storage technologies. In this webinar, we’ll dive into the characteristics of the two battery chemistries and unpack why LFP is winning in the long run.
You’ll learn
- Key differences between LFP and NMC batteries in a stationary storage application
- Expected prices for LFP compared to NMC battery systems
- Performance characteristics of the two chemistries
Who should attend
Utilities looking to learn about battery storage fundamentals and battery manufacturers who are looking for the latest industry insights.