LITHIUM FERRO PHOSPHATE BATTERY
(CAP: 120 NOS/DAY)
[CODE NO.4050]
A lithium iron phosphate (LFP) battery is a type of lithium-ion battery that is capable of charging and discharging at high speeds compared to other types of batteries. It is a rechargeable battery consisting of LiFePO4 as its cathode material; hence the name.
Lithium iron phosphate batteries have several distinctive features, including:
• Better power density
• Low discharge rate
• Flat discharge curve
• Less heating
• Higher number of charge cycles
• Increased safety
Lithium iron phosphate (LFP) batteries are also known as lithium ferrophosphate batteries.
The first model of the lithium iron phosphate battery was made after the discovery of phosphate as a cathode material for use in li-ion batteries in 1996. Improvements in the coatings and usage of nano-scale phosphate have made this type of battery more efficient.
The major distinction that lithium iron phosphate batteries have from other li-ion batteries is that LFP is capable of delivering a constant voltage and also has a comparatively higher charge cycle, in the range of 2000-3000. LFP batteries are environmentally safe and structurally stable. They have a lower energy density and low discharge rate. They do not heat up easily and are relatively cooler than other batteries. The chemistry of the battery saves it from thermal runaway, and hence it is considered to be safe for home use.
Due to their constant voltage and safe discharge, LFPs have found applications in cars, bicycles and solar devices. They are also used as replacements for costly lead-acid starter batteries. They are well suited for applications that require high-load currents and endurance. They are easy to store and carry due to their light weight and ability to provide huge amounts of energy. They are widely used in portable electronic devices like laptops and mobile phones.
A recent improvement over the original lithium iron phosphate cathode material by MIT has allowed these batteries to be charged up to 100 times faster than the previous speed. An improvised coating of an ion conductor onto the LFP has enabled the acceleration of ions, and thus the charging time has been greatly reduced.
Lithium Iron Phosphate (LiFePO4)
Phosphate based technology possesses superior thermal and chemical stability which provides better safety characteristics than those of Lithium-ion technology made with other cathode materials. Lithium phosphate cells are incombustible in the event of mishandling during charge or discharge, they are more stable under overcharge or short circuit conditions and they can withstand high temperatures without decomposing. When abuse does occur, the phosphate based cathode material will not burn and is not prone to thermal runaway. Phosphate chemistry also offers a longer cycle life.
Lithium Ion Cathode Chemistry Comparison (Used With Carbon Anodes)
Cathode Material Typical Voltage (V) Energy Density Thermal Stability
Gravimeric (Wh/Kg) Volumetric (Wh/L)
Cobalt Oxide 3.7 195 560 Poor
Nickel Cobalt Aluminum Oxide (NCA) 3.6 220 600 Fair
Nickel Cobalt Manganese Oxide (NCM) 3.6 205 580 Fair
Manganese Oxide (Spinel) 3.9 150 420 Good
Iron Phosphate (LFP) 3.2 90-130 333 Very Good
Advantages:
a. Quick charging
b. Safer performance and large overcharge tolerance
c. Self balance
d. Simplified battery management system and battery charger
e. Four times higher energy density than a Lead-acid battery
f. Runs better at high temperature with 10% enhanced capacity
g. Longer life cycle of up to 2000 cycles
COST ESTIMATION
Plant Capacity 120 Nos/Day
Land & Building (2500 sq.mt.) Rs. 2.65 Cr
Plant & Machinery Rs. 2.88 Cr
Working Capital for 2 Months Rs. 103.27 Cr
Total Capital Investment Rs. 109.09 Cr
Rate of Return 34%
Break Even Point 31%
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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