Do long-life battery packs (LFP) actually help you save money in the long run despite their greater initial cost? Lithium iron phosphate batteries are superior to lead-acid in several ways, including needing no maintenance and having a longer lifespan and shorter charging times.
This means less time spent charging and less money spent on new batteries. We examine the total cost of ownership of LiFePO4 and lead-acid batteries and explain why the former may save you money over time.
Is there a long-term cost difference between lead-acid and lithium-iron-phosphate batteries?
LiFePO4 batteries are more competitive and profitable than lead-acid batteries since their total cost of ownership is substantially lower.
Due to the sealed nature of lithium iron phosphate batteries, they never need to have their electrolyte levels checked or their acid levels adjusted. Just plug it in and charge it, and you’re set to go. Despite their higher initial cost, the money you save on maintenance fees and battery replacements over time more than makes up for the advantages of lithium batteries.
How Long Do LiFePO4 Batteries Last?
Up to 6,000 cycles at 80% depth of discharge are achieved without performance degradation in lithium iron phosphate batteries. As a general rule, lead-acid batteries can only be cycled between 500 and 1000 times before they die. When we talk about a lead-acid battery’s “life cycle,” what we mean is that the battery will be charged, discharged, and recharged multiple times.
Since LFP batteries don’t degrade with use, they don’t need regular upkeep to keep working for years. The batteries have minimal self-discharge and show no memory effects during storage. Lead-acid batteries have unique care requirements. Their already short lifespan will undoubtedly get considerably shorter if this continues. This translates to a LiFePO4 battery having a lifespan around 10 times that of a lead-acid battery.
How Can Your Company Benefit from Using Lithium Batteries?
The benefits of lithium batteries can help your organization save money in several ways if you use electric carts, material handling machines, or commercial cleaning machines.
- Since the full capacity of lithium iron phosphate batteries is always usable, an LFP-powered car may drive around 1.5 times as far as the same vehicle powered by a lead-acid battery of comparable capacity.
- LFP batteries may be charged up to five times faster than lead-acid ones. As a result of their high capacity and rapid charging/discharging times, they can be used in a wide variety of settings. Having a quick charging option greatly improves productivity by minimizing interruptions.
- Charging during breaks and idle hours reduces the need for several batteries. This decreases the chance of accidents during battery changeovers, saves money, and frees up space.
- Lithium-particle batteries can ultimately depend on 70% more minimized than lead corrosive batteries. This gives a space reserve funds in any on location or distant office, permitting you to reconfigure your arrangement to increment accessible rack space for IT servers and organizing gear.
There are less expensive options out there, however, LFP batteries have a bigger initial investment. On the other hand, LFP batteries outlast lead acid and perform better, so they end up saving you or your business money in the long run.
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