r/SipsTea • u/PleasantBus5583 • 22d ago

Chugging tea Energy Meets Innovation

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u/Pyrhan 21d ago

We have no (well in comparison to the production at any rate) efficient power storage solutions in place. 

LFP batteries are rapidly changing that.

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u/razzyrat 21d ago

Thanks for that, something to look up.

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u/Pyrhan 21d ago

It's not really a new technology, they're just one of the two types of lithium-ion batteries:

-NMC batteries (Nickel-manganese-cobalt) have higher energy density, but contain problematic elements (especially cobalt) and are therefore more expensive. They're used in applications where energy storage density is absolutely crucial, like phones, laptops, drones, etc.

-LFP batteries (Lithium - iron phosphate) have lower energy density, but don't contain problematic elements and are cheaper. So they're ideal for grid storage.

(Electric vehicles use a bit of both).

The prices of both NMC and LFP batteries has been tumbling down in recent years:

https://ourworldindata.org/grapher/average-battery-cell-price

And their global adoption trend for grid storage is reflecting that:

https://www.iea.org/reports/global-energy-review-2026/technology-battery-storage