""We think LFP is the missing ingredient for energy prosperity. The problem is it's literally 99% made in China," Eric McShane, co-founder and CEO of Electroflow, told TechCrunch. "If we want to have a chance of competing, we've got to flip that script.""
""We looked at the whole process of mining, starting from the rock or the salt water and getting all the way to a lithium chemical. We were like, man, that's like ten steps," he said. "That clearly is not the best way to do it.""
""In our V1 system - end of this year - our goal is to be about a $5,000 per [metric] ton production cost point, and we're going to scale up and get this"
Lithium-iron-phosphate (LFP) cells offer cheaper, durable battery chemistry that can lower EV prices but currently depend heavily on Chinese production. U.S. brine deposits contain millions of tons of lithium, enough for millions of EVs annually, but refining costs limit domestic competitiveness. Electroflow developed a process that eliminates several production steps to lower costs and build a U.S. supply chain. Electroflow projects an initial production cost target around $5,000 per metric ton and expects to scale to substantially undercut Chinese LFP prices, potentially reducing battery costs and reshoring production.
Read at TechCrunch
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