SOLAR KITS, POWER QUALITY, LED LIGHTING AND TELECOM TENDENCIES
Li-ion batteries were widely used due to their high energy density. However, they are difficult to recycle due to toxic and flammable chemicals such as lithium cobalt oxide (LiCoO2) and lithium manganese oxide (LiMn2O4).
On the other hand, the advantages of LiFePO4 battery technology are known for their safety and recyclability. LiFePO4 contains no toxic or flammable chemicals, and the materials used in the battery are non-toxic and easily recyclable.
Materials such as lithium iron phosphate, graphite, copper, and aluminum can be easily recycled and reused in other products. Recycling LiFePO4 batteries also reduces the demand for mining new materials, making them a sustainable option.
This explains why LiFePO4 batteries are gaining popularity due to their safety, long cycle life, and recyclability. The cost of LiFePO4 batteries has decreased significantly in recent years, making them more affordable for consumers.
As a result, LiFePO4 batteries, besides replacing Li-ion technology, are also replacing traditional battery chemistries such as AGM, GEL, OPZV, and OPZS, which are lead-acid batteries commonly used in off-grid solar systems and backup power applications. Although these batteries are known for their low cost and high reliability, their main cons are their low life span, they are not environmentally friendly, and pose a significant health hazard if not disposed of properly. AGM and GEL batteries contain lead and sulfuric acid, which are toxic and corrosive. OPZV and OPZS batteries contain lead, sulfuric acid, and antimony, which are highly polluted to the environment. Lead-acid batteries can be recycled, but the process is expensive, and the materials recovered are commonly low quality.
According to a report by Energy Storage News, the demand for LiFePO4 batteries is expected to grow at a CAGR of 12.5% between 2020 and 2027; in another report by Markets and Markets, the global LiFePO4 battery market is expected to grow from $1.7 billion in 2020 to $4.5 billion by 2025, at a CAGR of 21.1% during the forecast period, while the demand for lead-acid batteries is expected to decline. The report also states that LiFePO4 batteries are becoming the preferred choice for hybrid and off-grid solar systems and most importantly UPS suppliers are also starting to use them.
While sourcing batteries from multiple Asian suppliers can be challenging, working with our Integration Coefficient IC business model can help overcome many of these issues. By providing expertise in sourcing, logistics, and compatibility, companies make the best decisions about which supplier to work with and which technologies to use. With us, customers can ensure that their battery solutions are reliable, cost-effective, and meet their unique needs. For example, we will be even more helpful when integrating Hybrid and In-Grid (Bluetti) solar kits, rectifier-converter systems, solar-LED lighting, and power quality solutions.
While sourcing batteries from multiple Asian suppliers can be challenging, working with our Integration Coefficient IC business model can help overcome many of these issues. By providing expertise in sourcing, logistics, and compatibility, companies make the best decisions about which supplier to work with and which technologies to use. With us, customers can ensure that their battery solutions are reliable, cost-effective, and meet their unique needs. For example, we will be even more helpful when integrating Hybrid and In-Grid (Bluetti brand) solar kits, Rectifier-Converter systems, Solar-LED Lighting, and power quality solutions.
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