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However, as technology has advanced, a new winner in the race for energy storage solutions has emerged: lithium iron phosphate batteries (LiFePO4). Lithium iron phosphate use similar chemistry to lithium-ion, with iron as the cathode material, and they have a number of advantages over their lithium-ion counterparts.
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Lithium iron phosphate (LiFePO 4), also called LFP, is one of the more recently-developed rechargeable battery chemistries and is a variation of lithium-ion chemistry. Rechargeable lithium iron phosphate batteries use LiFePO 4 as the principle cathode material.
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