Inside the NMC versus LFP battery debate, and what it means for emobility
Summary
Lior Handelsman, VP of marketing and product strategy and founder at SolarEdge, discusses the trends affecting both NMC and LFP battery chemistries and which is the most appropriate measurement metric for ESS. The lithium ion battery market is experiencing growth on all sectors, including consumer and industrial applications, electric vehicles, and stationary energy storage systems (ESS). This conclusion was likely reached following fast evolution of NMC technology due to its large economies of scale in the mobile phone market. In fact, it is the stationary and the transportation markets that are putting some of the biggest demands on battery technology, and sometimes these requirements can be contradictory, such as c rates and environmental conditions. Because of their usage in the ESS market, the battery requirements, especially for the residential sector, tend to be focused more on price, ease of installation, interoperability, and energy density.