Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.
The German battery storage market continues to be dominated by the residential segment which accounted for 93% of the 1,350MWh of capacity installed last year, according to research by a group of Aachen-based institutions.
Norwegian lithium-ion gigafactory startup FREYR Battery could easily dedicate half of its 2030 production capacity target of 100 GWh to energy storage and is also launching a system integrator play, CEO Tom Jensen tells Energy-Storage.news in an interview.