What is the Difference Between Lithium Iron Phosphate (LiFePO4) and Ternary Lithium Batteries?

When engineering an energy storage system or an electric vehicle, choosing the right battery chemistry is one of the most critical decisions. Currently, the two most dominant lithium-ion battery technologies on the market are Lithium Iron Phosphate (LiFePO4 or LFP) batteries and Ternary Lithium (NMC/NCA) batteries. But what exactly is the difference between them? Here […]