Michigan-based energy storage firm, Our Next Energy Inc. (ONE), has made significant strides in lithium iron phosphate (LFP) battery technology, narrowing the performance gap with the prevalent nickel cobalt manganese (NCM) batteries. The Aries II LFP battery pack developed by ONE is now within a 6% range and mass difference compared to the leading NCM battery. Historically, NCM batteries have dominated the electric vehicle (EV) market due to their superior energy density. LFP batteries, however, boast advantages like cost-effectiveness, durability, and the use of safer, more abundant materials. ONE’s CEO, Mujeeb Ijaz, emphasized that their engineering advancements have positioned LFP … Continue reading ONE’s Breakthrough: The LFP Battery that Might Just Shake Up the EV World!