Norwegian battery cell producer Morrow Batteries has opened Europe’s first lithium iron phosphate (LFP) gigafactory with an annual production capacity of 1 GWh to supply the ever-growing European battery energy storage market.
[pdf] EVE Energy's subsidiary in Malaysia has signed an agreement to buy lithium iron phosphate (LFP) cathode active material from Chinese LFP producer Jiangsu Lopal to guarantee feedstock supply. EVE started building the first phase of the Malaysian plant in August 2023, with an investment of $422.3mn.
[pdf] In 2022, their 20MW system cost €11.4 million. The 2024 expansion? Same capacity for €9.3 million. That’s a 18.4% price drop per megawatt. Even Santa’s workshop up in Lapland is switching to battery-powered elves these days! Here’s where Finland plays its trump card: extreme climate testing.
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