LFP Battery Wholesale | Prices, Size, Weight of LFP Solar Battery Bank

What are the advantages and disadvantages of this type?

Advantages

• 1-Low-price: LFPs are the cheapest lithium-ion battery to date making it preferable for manufacturers to produce reaching around $90/Kwh.
• 2-charging cycles: LFPs can achieve more than 3000 charging cycles without affecting the capacity of the battery, for example, if you charge the battery daily giving more than 8 years of battery life with the same original capacity.
• 3-Safety: LFPs don’t explode or catchy fire due to their strong rigid structure making them the safest lithium-ion battery option for several applications that require high safety.

Disadvantages

• 1-Energy density: LFPs have one of the lowest energy densities in lithium-ion battery types achieving around 160Wh/Kg while other types can reach around 300Wh/Kg which is almost the double
• 2-Temperature tolerance: LFP batteries at low temperatures of 0℃ or less their performance drops dramatically forcing some applications to add heaters to maintain the performance level while limiting its use in other types of applications totally.

What are the use cases of LFP batteries?

• 1-Electric Vehicles: as safety & price are crucial for all EV makers LFPs made a great replacement for NMC batteries especially when Tesla in Q3 2021 announced the replacement of its NMC battery chemistry with LFP battery chemistry.
• 2-Home storage: Households with solar systems on their rooftops for decades suffering from changing their traditional lithium batteries every 3 to 5 years made a huge impact on off-grid systems. But LFPs came with an easy +10 years lifetime & a cheaper option than other types.
• 3-Utility storage: Grid blackouts or instability due to natural disasters or sudden interruptions of power plants can cause a lot of financial damage. Therefore, having backup power to withstand this sudden instability is a necessity for a lot of power grids worldwide. LFPs with their high safety are very suitable for harsh outdoor conditions plus having the ability to last longer decreasing the cost of maintenance needed.