LFP Battery in Energy StorageICL, July 07, 2022 04:10 PM Eastern Daylight Time
"ICL to establish production of 30,000 metric tons, and also future ramp up, for LFP battery cathode materials at its manufacturing campus in St. Louis"
“ICL is excited to lead the establishment of a localized, integrated, sustainable supply chain of LFP battery materials for U.S.-based customers and to reduce the risk for U.S. companies currently dependent on foreign supply of LFP materials.”
“The global energy storage market has clearly shifted toward LFP batteries as the dominant, more sustainable, safer and cost-effective solution"
Most Recent Policy on Energy Storage in China:
"China's National Energy Administration recently revised standards regarding electric power systems and facilities. It involves several major changes, including blocking the use of ternary lithium batteries in medium and large electrochemical energy storage power stations."
In other words, LFP battery will be the only battery to be used.