LMFP – THE FUTURE OF LITHIUM-ION BATTERIES
Lithium ferro phosphate (‘LFP’) has long been considered the leading lithium-ion battery (‘LIB’) type in terms of safety, cost and durability. The one downside, though, is its energy density (capacity), or lack thereof, compared to other LIB types such as NCA (nickel cobalt aluminium) and NCM (nickel cobalt manganese). However, NCA and NCM are subject to supply chain constraints, particularly in relation to cobalt, which often originates from regions of conflict and/or countries in which human rights are violated and child labour rife. Not so LFP, of which the common and low-cost precursors are iron and phosphorous (not a conflict metal in sight!).