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LFP battery chemistry on the rise, says Wood Mackenzie

A surge in demand for NMC batteries from car companies is encouraging manufacturers of energy storage systems (ESS) to pursue cheaper, more widely available battery chemistries such as lithium-iron-phosphate (LFP), according to energy consultancy Wood Mackenzie.

LFP battery chemistry on the rise, says Wood Mackenzie LFP battery chemistry on the rise, says Wood Mackenzie LFP battery chemistry on the rise, says Wood Mackenzie LFP battery chemistry on the rise, says Wood Mackenzie LFP battery chemistry on the rise, says Wood Mackenzie

WoodMac said LFP would remain popular with the Chinese EV market “before breaking into the global passenger EV sector”

WoodMac said though the energy storage market has relied heavily on EV-style NMC batteries in the past, changing performance requirements would lead to an evolution of separate markets over the course