Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Britain’s battery industry could spark revival with local LFP production

by August 2, 2024
August 2, 2024
Britain’s battery industry could spark revival with local LFP production

Britain’s battery industry, once in decline, could see a resurgence with the introduction of locally produced lithium iron phosphate (LFP), a critical component in electric vehicle (EV) batteries.

Behnam Hormozi, founder of Integrals Power, believes that producing a cleaner, higher-quality version of LFP in the UK could reduce dependence on Chinese imports and revitalise the domestic battery supply chain.

“These nanoparticles are so small that if you touch them without gloves, they’ll go straight into your fingers,” says Hormozi, holding a jar of black powder. This fine black dust, LFP, is essential for about 40% of electric cars sold last year, used to make cathodes where electrons flow from the anode. Despite its cost-effectiveness and abundance, LFP was initially overshadowed by nickel and cobalt batteries due to lower energy density. However, recent improvements have led to a resurgence in its popularity among carmakers, including Tesla.

Currently, over 90% of LFP is produced in China, causing concerns for Western carmakers about supply chain security. Hormozi aims to change this with Integrals Power, the UK’s first LFP supplier, which has just started operations at its production facility in Milton Keynes. Although the facility’s current output is modest, enough for only 250 cars a year, its goal is to showcase a cleaner production method and higher-quality material than that made in China.

Integrals Power plans to produce 10,000 tonnes of LFP annually by the end of the decade. Hormozi is optimistic about the UK’s potential to support a burgeoning battery industry, despite setbacks such as Britishvolt’s administration. He believes the main challenge for UK battery-cell manufacturers is sourcing materials, a gap Integrals Power aims to fill.

Signs of growth in the UK’s battery industry include Tata’s gigafactory in Somerset and potential projects by EVE Energy in Coventry. Labour has pledged £1.5 billion to support new facilities, while Integrals Power is seeking £40 million to £60 million in government funding for a £200-million production plant.

Hormozi emphasises the environmental benefits of their production method, which avoids the toxic practices used by many Chinese manufacturers. Instead of crushing metal compounds and releasing pollutants, Integrals Power dissolves pure lithium, iron, and phosphorus in water before heating to create a fine powder. This process enhances control over the powder’s atomic structure, increasing the energy density and range of EVs by 30%, with further improvements expected by adding manganese.

Hormozi argues that Western governments need to provide more subsidies and increase tariffs on Chinese companies to create a level playing field. While the EU and the US have imposed tariffs on Chinese car imports, the UK has maintained a 10% tariff. Hormozi believes stronger measures are needed to achieve net-zero goals sustainably.

“Net zero is a beautiful goal, but we can’t make it without subsidies and tariffs. Only then will we have a fair ground on which to compete,” Hormozi concludes.

Read more:
Britain’s battery industry could spark revival with local LFP production

0
FacebookTwitterGoogle +Pinterest
previous post
Getting to Know You: Rhea Karo, CEO of Social Amour
next post
Morrisons tests raising freezer temperatures to cut energy costs and emissions

You may also like

Post-lockdown jobs boom ‘is over’ as employers worry...

September 30, 2022

Tesco boosts staff pay by a further 7%

February 24, 2023

The Indispensable Bunsen Burner: Why Laboratories Rely on...

September 25, 2023

A Guide to Choosing the Right Funeral Director

February 14, 2024

Bank of England Expected to Maintain Interest Rates...

May 9, 2024

Today’s most influential generation(s): a fresh look at...

July 4, 2023

Metro Bank to Cut 1,000 Jobs and cancels...

March 13, 2024

Selling a business in the UK – what...

March 3, 2023

Boost Your Business Growth: A Comprehensive Guide on...

June 23, 2023

Unveiling the Benefits of Toto Sites: Safeguarded Gambling...

July 2, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Forex Day Trading Strategies for Busy Professionals and Performance-Driven Traders

      July 4, 2025
    • President Trump to honor Iran strike flight team at the White House

      July 4, 2025
    • Propel Finance secures £1.5bn to boost UK SME lending

      July 4, 2025
    • UK Finance urges bold reforms in Mansion House 2025 submission to unlock UK growth potential

      July 4, 2025
    • UK faces critical automotive job shortages by 2050, new research reveals

      July 4, 2025
    • Why Leadership Belongs to Everyone in Your Business

      July 4, 2025

    Categories

    • Business (8,389)
    • Investing (2,102)
    • Politics (15,943)
    • Stocks (3,189)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved