In 2030, lithium iron phosphate batteries are expected to replace ternary and become the mainstream technology route for energy storage system applications

Wood Mackenzie's global energy storage research team announced the latest research report CanLFPtechnologyretainitsbatterymarketshare? ('Can lithium iron phosphate batteries maintain its market share in lithium battery energy storage system applications?'). Wood Mackenzie’s latest analysis shows that lithium iron phosphate batteries (LFP) are expected to replace nickel-manganese-cobalt ternary lithium batteries (NMC) as the mainstream technology route for the application of lithium battery energy storage systems in the next ten years. Its market share will be from 2015. 10% rose to more than 30% in 2030. Source of this article: WeChat public account WoodMackenzie WoodMac At this stage, most lithium battery energy storage systems have a battery life of 4 to 6 hours. As far as the current battery performance is concerned, beyond this period of time, the economics of lithium batteries will get worse and worse, and the rate of return will decrease. The rising demand for lithium batteries in the electric vehicle and energy storage markets has continuously promoted the innovation of lithium battery technology routes, including improving the positive electrode, negative electrode and electrolyte of the battery to develop better performance lithium batteries. Since 2010, the market demand for electric vehicles has risen rapidly, which has reduced the cost of lithium batteries by more than 85%. Historically, the energy storage market has mainly used nickel-manganese-cobalt ternary lithium batteries. Especially at the end of 2018 and the beginning of 2019, the demand for energy storage increased sharply, resulting in a short supply of nickel-manganese-cobalt ternary lithium batteries. At the same time, there is still a supply of lithium iron phosphate batteries on the market, and their output mainly comes from my country. Due to the new delivery time of nickel-manganese-cobalt ternary lithium batteries and the slower price decline, lithium iron phosphate batteries began to seize market share at a lower price, both in power-based applications and energy-based applications. It is one of the preferred ones. In the next few years, the demand for lithium batteries in the electric vehicle and energy storage markets will continue to show a rapid upward trend. Due to different applicable scenarios, the performance requirements of the two lithium batteries are different. To this end, battery manufacturers will begin to innovate their products and supply targeted products for market segments. Regarding the energy storage market, factors such as battery life and charge-discharge rate will take precedence over energy density. Cost and safety are still the primary considerations for battery suppliers in a variety of applications. In the next ten years, the demand for lithium batteries for electric vehicles will continue to occupy the largest share of the global demand for lithium batteries. As the market for electric vehicles and energy storage begins to take off, the share of demand for lithium batteries from portable electronic products will drop significantly from 26% in 2020 to 6% in 2030. Wood Mackenzie believes that lithium iron phosphate batteries will continue to be popular in my country's electric vehicle market, and then enter the global passenger electric vehicle field. It is estimated that by 2025, the installed capacity of lithium iron phosphate batteries in the electric vehicle industry will account for more than 20%. The improvement of cell energy density and the application of module removal technology (CTP) are important factors for LFP to become more and more competitive in the passenger electric vehicle market. Adopting LFP can not only reduce costs and improve battery safety, but also solve the problem of battery manufacturers' limited supply of cobalt and nickel. Wood Mackenzie: It is estimated that in 2030, lithium iron phosphate battery (LFP) is expected to replace nickel-manganese-cobalt ternary lithium battery (NMC) as the mainstream technology route statement for the application of lithium battery energy storage system: Some pictures and content of articles published on this site From the Internet, if there is any infringement, please contact to delete the previous article: Dalian flow battery energy storage peak-shaving power station grid connection project started