What Are the Benefits of LFP Batteries?

29, Apr. 2024

 

What Are the Benefits of LFP Batteries?

The cathode and anode have a critical role to play when it comes to battery performance. Lithium Iron Phosphate (LFP) batteries are no exception. LFP cells use a lithium ion phosphate cathode and graphitic carbon electrode anode to unlock a myriad of benefits, which we explore in more detail below.

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Great thermal stability

The cell chemistry of LFP batteries is highly stable, which makes them less likely to ignite.

Thermal runway threshold

LFP batteries have a thermal runway threshold of roughly 270°C. This makes them one of the safest and most reliable battery technologies.

Low manufacturing cost

The raw materials required to manufacture LFP batteries are relatively inexpensive. LFP batteries are also nickel and cobalt-free which helps to keep manufacturing costs down.

Readily available materials

Instead of relying on rare minerals, LFP batteries use readily available materials like phosphate. This helps manufacturers sidestep supply chain issues.

Low toxicity

LFP batteries contain no cobalt, which instantly improves their toxicity rating.

Excellent electrical capacity

Compared to lead acid batteries, LFP batteries offer around 50% more electrical capacity.

Lightweight

LFP batteries are 70% lighter than lead acid batteries and 50% lighter than lithium manganese oxide (LMO) batteries. They’re also significantly lighter than many lithium ion batteries.

Low discharge rate

When in storage, lead acid batteries lose around 30% of charge per month. In comparison, LFP batteries self-discharge at a rate of just 2%.

Expiring patents

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Battery technologies are often patented which limits uptake. In 2022 many LFP patents are due to expire, which will present exciting new opportunities for battery manufacturers.

EV manufacturers embrace LFP technology

Excellent performance and safety credentials have helped drive the popularity of LFP batteries in the EV industry. An increasing number of auto manufacturers are embracing the benefits of LFP batteries, with the latest stats published in the AlixPartners 2022 Global Automotive Outlook report revealing around 17% of EVs are powered by LFP batteries.

Ford is one company exploring the use of LFP batteries in its EV range. While the brand will continue to equip EVs with nickel cobalt manganese (NCM) batteries, it will also fit out vehicles with LFP batteries built by Chinese battery manufacturer, CATL. This includes the new Ford Mustang Mach-E SUV. The transition will minimise the company’s reliance on minerals like cobalt and nickel, as well as slash up to 15% of battery manufacturing costs.

“These standard-range batteries offer customers many years of operation with minimal loss of range after many charge cycles,” says Lisa Drake, vice president of EV Industrialisation at Ford. “That benefits owners who need to charge often, like our commercial customers.”

EV uptake is on the rise, but internal combustion engines haven’t lost their relevance. Find out more about how the industry is evolving in ‘Latest Trends in New Internal Combustion Engines’.

5 Facts About LFP Batteries

The lithium iron phosphate (LFP) battery is breaking barriers in the electric vehicle (EV) market. It is poised to redefine battery manufacturing and EV sales in North America and Europe. It’s powerful, lightweight, and fast charging...but the LFP is actually nothing new.

An LFP is a lithium-ion battery.

The resurgence of the LFP battery and its role in the future of e-mobility leads many to beg the question: Which battery chemistry is best for electric vehicles, lithium iron phosphate or lithium-ion?

Because lithium-ion (Li-Ion) batteries are a rechargeable battery type that most people are likely familiar with, it seems like the logical selection. They’re used in many everyday items, like mobile phones, laptops and electric vehicles driving on the road today. But when discussing the pros and cons of each EV battery, it isn’t a contest between LFP and Li-Ion batteries.

The Li-Ion battery family contains different battery chemistries named after their cathode; LFP is part of that family. And while an LFP is a Li-Ion battery, not all Li-Ions are LFPs. Other lithium-ion batteries include the nickel manganese cobalt oxide (NMC) battery and the lithium nickel cobalt aluminum oxides (NCA) battery. Both are already utilized heavily in electric vehicles.

The “F” in LFP stands for iron.

Batteries are typically named after the chemicals used in the cathode, and an LFP battery uses a cathode material made from the inorganic compound lithium iron phosphate, with the formula LiFePO4. The “F” comes from “Fe,” the periodic table of elements chemical symbol for iron. Fe is derived from the Latin word for iron, ferrum. You may also see an LFP referred to as a lithium ferro phosphate battery.

LFPs can be charged to 100%.

Keeping an electric vehicle battery healthy is necessary if your EV wants to live a long, happy life. If your EV has an NMC or NCA battery, one of the easiest ways to do so is NOT charging the battery to 100% every day. This prevents accelerated calendar aging, the natural aging of a battery that will occur whether it is in use or not. Charging an NMC or NCA to 100% puts the batteries in an extreme state of charge. Because batteries turn chemical energy into electricity, a battery is inherently unstable when fully charged. Overall, it is considered best practice to avoid a very high and meager charge, with 80% being the standard battery capacity for an optimal lifetime.

However, LFP batteries are an exception to this charging standard. LFPs have 100% of their capacity available, meaning they can be fully charged without causing accelerated battery degradation. This is thanks to the battery’s cathode.

The phosphorus-oxygen bond in the LFP cathode is stronger than the metal-oxygen bond in other cathode materials. This bond hinders the release of oxygen and requires more energy and a higher on-set temperature for thermal runaway. This makes the battery more stable for being stored at full charge.

LFPs are a lower-cost option.

Electric vehicles are popular, and the demand for more companies to switch from internal combustion engines to batteries continues to increase. However, even as demand rises, building an EV still costs more than traditional diesel engines due to battery manufacturing.
Manufacturing NMC and NCA batteries require nickel and cobalt, two materials that come at a pretty penny to extract. The cost of buying both materials is expensive already. Still, the increasing nickel shortage and cobalt production being stretched to its limits pose a challenge to manufacturing NMC and NCA batteries and making them affordable for integration into EVs.

LFP batteries, on the other hand, currently bypass supply chain issues and inflated prices because nickel and cobalt aren’t needed for the cathode. An LFP’s cathode is made from earth-abundant materials. Lithium iron phosphate is a crystalline compound that belongs to the olivine mineral family. Because the olivine family is a primary component of the Earth’s upper mantle, LFP is more readily available for extraction at a lower cost.

17% of the global EV market is powered by LFPs.

Lithium iron phosphate batteries first came to light in 1996, so it’s not surprising this battery chemistry is already present in the electric vehicle market. Discovered by John Bannister Goodenough’s research group at the University of Texas, LFP batteries gained recognition for their wide range of benefits. Even with advantageous characteristics, LFPs didn’t experience their first large-scale adoption until 10 years later, when they became the industry favorite for electronics.

LFP technology has improved over the years, and it can now be found in a broader range of applications, from motorcycles and solar devices to electric cars. Seventeen percent of the global EV market is already powered by LFPs, but this battery chemistry is poised to make its next big breakthrough with large-scale adoption in different on-highway applications like electric buses and electric trucks. LFPs are less energy dense, come with lower manufacturing costs and are easier to produce than other Li-Ion and lead-acid battery types.

The warnings of a lithium supply shortage threaten to cut the global EV sales forecast in 2030, but even that hasn’t appeared to slow the momentum of adopting LFP batteries into electric vehicles. LFP battery chemistry remains easier to produce and at a lower cost. Their efficient charging, lower cost of ownership, non-toxicity, long cycle life and excellent safety characteristics make them a crowd favorite for the future of electric transportation.

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