Panama
Solar Market Outlook in Panama
The National Energy Plan 2015-2020 of Panama has an ambitious target of making 70 percent of the country’s energy supply coming from a renewable source within a 35-year period. This plan is part of the country’s long-term roadmap towards increasing energy efficiency and reducing carbon emissions through its energy system.
The country has considered its renewable energy capacity and there are plenty of sources available. Therefore, they are not just looking at solar energy sources but others too like wind, geothermal, biomass, and hydropower.
In 2019, Panama has reached 500 MW in solar PV energy. This was a huge leap from the previous year’s 176 MW solar capacity. This solar capacity rate is expected to continue growing as more solar projects are granted licenses. One of the largest projects to date is that of a Spanish firm that is looking at investing in a solar farm.
Despite the positive outlook for the Panama solar market, there are undeniable challenges that the government is hoping to address. Among these challenges are the current power-market model (that favors conventional energy sources) and lack of flexibility measures.
Solar Energy Equipment Supply Capacity in Panama
There are many global suppliers and distributors of solar power equipment that are serving the Panama market. This is good news as the local solar power investments are still in its infancy stage. Therefore, residential and industrial segments looking to expand its solar installations will have enough options available.
Top 4 Major Seaports & Logistics in Panama
Panama has easy access to ports that facilitate logistics and handling of goods like solar power equipment from all over the globe. The list of the major seaports in Panama that facilitate handling of imported and exported goods include the ports in
- Panama City
- Colon, Balboa
- Cristobal
- Manzanillo.
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.
