Lithium iron phosphate battery popularity
Lithium Iron Phosphate (LiFePO4) batteries continue to dominate the battery storage arena in 2024 thanks to their high energy density, compact size, and long cycle life. ... The second most popular lithium-ion battery is the NMC battery, based on Lithium Manganese Cobalt Oxide. Compared to LiFePO4, it has a higher energy density (better storage ...