Are LFP Batteries Better for the Environment?
LFP batteries are a type of lithium-ion battery that uses lithium iron phosphate (LiFePO₄) as the cathode material. Unlike traditional lithium-ion batteries, which use cobalt or nickel, LFP batteries provide several key benefits, including better thermal stability, longer lifespan, and lower cost. These features make LFP batteries increasingly popular in applications like electric vehicles and renewable energy storage systems.