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South Korea

An in-depth look at South Korea’s solar market

South Korea is a forward-thinking economy situated in the Asian continent. It is also amongst the top ten electricity consumers in the world. What portion of the nation’s energy consumption is solar?

South Korea’s solar market has been performing pretty well in recent years. According to the country’s trade ministry, approximately 4.1 Gigawatts of photovoltaic systems were installed in 2020. Any solar installer or solar industry professional will agree that this is an outstanding achievement.

It is also essential to note that South Korea’s solar capacity has been on an upward trajectory since 2018.

In 2018, the nation’s solar capacity stood at 2.4 Gigawatts and 3.8 Gigawatts. Essentially, 2020 was the most successful year recorded by South Korea’s solar market. Still, the solar market is headed for a boom as the country looks to the future.

Opportunities for solar installers and professionals and in South Korea’s solar market

Are you a solar expert or solar professional pursuing success in your field? There are vast opportunities for you in South Korea’s solar market. It would be unjust if I failed to tell you that this is the best time to work in South Korea.

Investment in South Korea’s solar market will be approximately $5.1 billion in 2021; only 3.8 Gigawatts of solar plants are expected to secure funding. You could be one of the individuals working on these projects if you play your cards right.

It is also worth noting that South Korea boasts of several solar equipment producers and distributors. In addition to that, it has a healthy network of ports and logistical infrastructure. Therefore, you can easily import any equipment that may not be available locally. Solarfeeds, a leading e-commerce marketplace for solar equipment, is here for you. Feel free to visit our inquiry page and post a quote request. We will get back to you promptly because we value you.  

Lithium Ferro Phosphate Battery used for below projects in South Korea

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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.

  • Grepow Inc.
  • Lithion Battery Inc.
  • Power-Sonic Corporation
  • Digi-Key