This area is experiencing fast growth, initially driven by the proliferation of solar PV and now by EVs. LFP is emerging as a highly competitive option as it can be integrated with solar PV and EV charger to synergize an electrification ecosystem.
UPS batteries are widely used in this area to support critical systems. As energy prices continue to surge, commercial and industrial storage solutions will be sought after to couple with distributed generation, EV chargers, and demand response.
Utility-scale storage can support renewables to overcome its intermittent nature by making energy more dispatchable and generate revenue via grid balancing. It requires significant investments thus LFP is a great option with long cycle life.