LFP battery system cost vs benefit calculation in Argentina

Is LFP battery technology better than NMC?

On the other side, LFP technology is anticipated to surpass that of the NMC group in the future as this sort of battery technology owns considerable advantages over NMC technologies, particularly more stable and safe performance as well as lower production cost in recent years.

Why does LFP-GR cost more than NCX?

The rationale behind the higher cost of LFP-Gr in 2010 is that the given technology is higher machinery-dependent thanks to its lower specific energy compared with NCX technologies for a given production volume of the plant, resulting in higher labor, energy, and overhead costs.

Do battery storage technologies use financial assumptions?

The battery storage technologies do not calculate levelized cost of energy (LCOE) or levelized cost of storage (LCOS) and so do not use financial assumptions. Therefore, all parameters are the same for the research and development (R&D) and Markets & Policies Financials cases.

How much does LFP-GR cost in 2030?

On the other side, the material cost of LFP-Gr is equal to 26.8 US$.kWh −1 in 2030, which is the lowest material cost against other battery technologies, with a range of 43.7–53.4 US$.kWh −1. This substantial difference in material cost will result in the lowest total price of LFP-Gr in 2030.

Does battery efficiency affect LCoS?

This is in line with the WACC used in the studies of the literature review, which range from 3 % to 11 %. The efficiency of battery storage technologies is assumed to be improved by 2030 (Ralon, et al., 2017) but since the projection conducted in this report excludes the charging cost, the efficiency will not have an effect on the LCOS.

What is the market share of LFP battery technology in 2021?

Driven by this, the output of LFP battery technology outstripped the NMC output in May 2021 in China , a country with a 79 % share in the global lithium-ion battery manufacturing capacity in 2021 . As can be seen above, the prediction for the market share of LiB technologies in the following years is challenging.