Solar Market Outlook in Iraq
For many years now, Iraq has been solid in its commitment in clean energy by attracting investors in solar equipment and power plants. In terms of renewable energy sources, the majority of them are dedicated to solar energy and are favorable for the country given that it receives a large amount of sunlight per year in most of its regions.
As of 2021, Iraq has reached various deals with private sectors in order to continue rolling out its solar projects and meet its renewable energy target in the next few years. One of them is the June 2021 deal with Abu Dhabi’s Masdar (also known as the Abu Dhabi Future Energy Company) wherein a 2 GW solar energy plant will be constructed. This project will cost approximately $1 Billion. This is just one of many steps that Iraq has taken in order to curb its reliance on traditional energy sources, diversify its energy mix, and to reduce carbon emissions. The last one – reducing pollution – is a strong motivator for the Iraqi government given that the country ranks 12th in the world in terms of pollution.
TotalEnergies from France is also set to build a 1GW solar park in Southern Iraq. This was announced in September 2021 and the project will cost $27 Billion.
Solar Energy Equipment Supply Capacity in Iraq
Despite the promising future of the solar market in Iraq, there is a limited number of local suppliers and distributors. There is no shortage of global and online distributors and suppliers for those who want to switch to solar energy in Iraq.
Top Major Seaports & Logistics in Iraq
There are plenty of seaports in Iraq for the trade and transport of solar power equipment namely
- the Port of Basrah,
- Port of Khor Al Zubair,
- Port of Umm Qasr,
- the Port of Mina Al Bakr.
Lithium Ferro Phosphate Battery
What is a Lithium Ferro Phosphate Battery?
Lithium Ferro Phosphate Battery is also known as the Lithium Iron Phosphate Battery. There are two electrodes made of Graphite and Lithium Iron Phosphate.
Lithium-ion batteries have a discharge voltage of 2.5 Volts. The maximum output charge per cell is 3.65 Volts.
Lithium-ion batteries are widely used in electric vehicles and are the alternative to fossil fuels.
Applications of Lithium Ferro Phosphate Battery?
Lithium reserves are present in abundance in various parts of the world. Lithium Ferro Phosphate batteries are environmentally friendly and help to reduce the carbon footprint of the population. From Solar power storage to EVs, the Lithium Ferro battery market is expanding rapidly.
Solar Power: Power generated from the PV cells gets stored in the LiFePO4 cells with higher electrical potential. Cells are directly connected to the battery to use with the LEDs.
Electric Vehicles: One of the latest and big applications of Lithium-ion batteries is electric vehicles. Car manufacturers use LiFePO4 to increase safety and reduce weight per kW.
Domestic Energy needs: Lithium Ferro Phosphate batteries get used in home solar power storage. These batteries are highly safe and with low discharge rate.
Advantages of Lithium Ferro Phosphate Battery?
- Apart from being environment-friendly, Lithium Ferro Phosphate batteries have a long life.
- Elements like Lithium are present in large quantities on the earth. Therefore supply for production is not a problem.
- The cost of these batteries is lower than other types of batteries.
- Because of their chemical stability, LiFePO4 batteries are safer than other batteries.
- Nominal voltage is nearly the same as lead-acid batteries. That makes them compatible with many gadgets and power systems.
How does a Lithium Ferro Phosphate Battery work?
Batteries produce current by the movement of free electrons in the circuit. The chemical process inside the battery triggers when positively charged lithium ions move from the positive side to the negative side through the electrolytic solution. The movement of electrons starts in the circuit, and the current flows in the opposite direction of the electrons.
What are some top brands of Lithium Ferro Phosphate Battery?
Below are the top manufacturers of Lithium Ferro Phosphate Batteries in the USA.