An Analysis of Malaysia’s solar market performance
Malaysia, one of the fastest-growing economies in South East Asia, is ranked 12th in the ease of doing business index. Has this elevated ranking had an impact on the country’s overall solar market performance? Well, Malaysia’s installed solar capacity stood at approximately 996 Megawatts at the end of 2020. This capacity is relatively low vis-à-vis the country’s actual solar production and supply potential.
However, studies show that Malaysia’s solar market is likely to grow fourfold due to increasing investor interest. So, it is safe to say the ease of doing business in Malaysia is beneficial to its solar market. Actually, a report by Fitch Solutions, a leading solar sector research organization, predicts that the country’s solar capacity is most likely to increase by 4 Gigawatts in the next ten years. This means that there are vast prospects for solar installers or professionals interested in the Malaysian solar market.
Malaysia’s capacity to supply solar equipment to solar installers and professionals
Any solar installer or professional can attest that accessing quality and affordable solar equipment is the key to any project’s success. This is why we must look at Malaysia’s solar equipment production and distribution capacity. Does the country have any solar equipment producers and distributors? Well, the response to this query is yes.
There are several producers and distributors of different solar equipment categories in Malaysia’s nascent solar market. You can also choose to export any solar equipment that may not be locally available. The country boasts of eight government-administered ports through which we can deliver various solar equipment to you.
It is also essential to remember that there is no shortage of logistical support infrastructure in Malaysia. So, you don’t have to bother yourself concerning how to safely transport your equipment from the port to the project site. The sole thing you need to do is visit our inquiry page and request a quote for the equipment you need.
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.