CleanTechnica•about 1 month ago
Can’t Stop the Market: Why Europe Should Embrace LFP Batteries (Sustainably)
Key Takeaway
LFP batteries are a cost-effective, market-driving storage technology whose global supply chain and adoption strategy are critical for developers and large power consumers navigating the energy transition.
AI Summary
- •LFP battery technology, primarily dominated by China, is identified as critical for enabling mass-market electric vehicle (EV) adoption due to its lower price point.
- •Europe is urged to strategically embrace LFP batteries (sustainably) to reduce reliance and catch up in this essential energy storage sector.
- •The article underscores LFP's role in overcoming price barriers for electrification, directly impacting the economics of energy storage projects and the strategic importance of supply chain resilience for developers and large power consumers.
Topics
emissionsoempolicystorage
Article Content
China dominates the LFP battery technology which has been critical to making mass-market EVs possible. Read how the EU can, and why it must, catch up. For years, if not decades, the main barrier slowing down the mass-market uptake of electric cars (EVs) around the world has been their price ... [continued] The post Can’t Stop the Market: Why Europe Should Embrace LFP Batteries (Sustainably) appeared first on CleanTechnica .