Challenge

Week 1 Understanding Different Battery Chemistry

1.

Lithium-Ion: 

A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode through an electrolyte to the positive electrode during discharge, and back when charging.

Lithium-ion batteries are used in most aspects of our everyday lives. Most devices like smartphones and laptops cannot operate without these batteries. Lithium-ion batteries have also become very important in the field of electromobility as it is now the battery of choice in most electric vehicles. Its high specific energy gives it an advantage over other batteries.

Images of the Li-ion Batteries:

 

Charging and discharging process of the li-ion batteries:

Types of Li-ion batteries:

1. LCO: LCO stands for Lithium cobalt battery. Lithium cobalt oxide is one of the most common Lithium-ions, it has a chemical symbol which is LiCoO2, and is abbreviated as LCO. For simplification, Li-cobalt –which is the short term- can also be used for this type of battery. Cobalt is the core active material that defines the character of the battery.  

LCO batteries technology and applications

LCO (Lithium cobalt oxide) was invented in the year 1991. Its anode material is LiaC6, the cathode material is LibCoO2 and the carrier is Li+. It is used in various applications ranging from electronic devices to all laptops and phone batteries. The majority of lithium-ion batteries for portable devices are cobalt-based. The system contains a cobalt oxide cathode (positive electrode) and graphite carbon anode (negative electrode).

2. LMO: LMO stands for Lithium manganese oxide batteries, which are commonly referred to as lithium-ion manganese batteries or manganese spinel. This battery was discovered in the 1980s, yet the first commercial lithium-ion battery made with a cathode material made from lithium manganese was produced in 1996. 

LMO batteries technology and applications

LMO (Lithium magnesium oxide) was invented in the year 1996. Its anode material is LiaC6, the cathode material is LibMn2O4 and the carrier is Li+. It is used in different applications like power tools and electric cars. LMO batteries have the ability to deliver a lot of energy in a short period of time, which makes them extremely useful for use in power tools like drills. In 1996, lithium manganese oxide was first used as a cathode material. A three-dimensional spinel structure was formed by this structure, this improves the flow of ions between the electrodes. The high flow decreases the internal resistance and increases loading capability. LMO batteries are usually used in medical devices and equipment, power tools, electric bikes, and more. Because of their thermal resistance and higher safety. LMO batteries can also be used for laptops and electric cars.

3. NCA: NCA battery stands for Lithium nickel cobalt aluminum oxide-based battery (LiNiCoAlO2). Also, NCA batteries are becoming more and more important in in-grid storage and electrical power terrain applications.  

NCA battery technology and applications

NCA (Lithium nickel cobalt aluminum oxide) battery was invented in the year 1999. Its anode material is LiaC6, the cathode material is LibNi0.8Co0.15Al0.05O2 and the carrier is Li+. It is used in different applications like power grid applications, medical devices, and electric cars. Most notably Tesla deploys NCA batteries in their electric vehicle's system. NCA batteries can store the same amount of energy as NMC. NCA batteries are not widely common in the consumer industry but are quite promising in the electric car industry.  

4. NMC: NMC stands for Lithium Nickel Manganese Cobalt Oxide battery. (LiNiMnCoO2) The cathode combination of NMC (nickel-manganese-cobalt) is among the most successful Li-ion systems. The NMC systems can serve as a Power Cell or an Energy Cell.

NMC batteries technology and applications

NMC (Nickel Manganese Cobalt Oxide) battery was invented in the year 2008. Its anode material is LiaC6, the cathode material is LibNi1–x–yCoxMnyO2, and the carrier is Li+. They commonly use it in different applications like Energy Systems and electric cars. NMC combines the best of nickel and manganese. Nickel has high specific energy but poor stability; manganese can form a spinel structure so as to achieve low internal resistance yet provides low specific energy. Joining the metals increases the strengths of both parts. NMC batteries are widely used for power tools, energy storage systems (EES) which need frequent cycling, and electrical power trains like automotives. The cathode combination typically used is 1-1-1 which means one-third nickel, one-third manganese, and one-third cobalt. This reduces the raw material cost due to lowered content of cobalt. Another known combination for NCM is 5-3-2 (5 parts nickel, 3 parts cobalt, and 2 parts manganese). Other combinations are also possible.

5. LFP: LFP batteries stand for Lithium iron phosphate(LiFePO4)  batteries, which are known as li-phosphate batteries as well. They use phosphate as cathode material. In addition, they benefit from the low resistance properties that enhance their thermal stability and safety.

LFP batteries technology and applications

LFP (Lithium iron phosphate) was invented in the year 1996. Its anode material is LiaC6, the cathode material is LibFePO4 and the carrier is Li+.  They use LFP batteries in different applications like electric cars, electric buses, and electric trucks. The LFP is ideal for use in electric trucks or buses – as volume or weight isn’t really a restriction as is in cars- because the battery is less energy-dense yet cheaper to manufacture than other Li-ion batteries types. In addition, they use LFP batteries in other applications like electric motorcycles which need a longer life cycle and increased safety. LFP provides good electrochemical performance with lower resistance. This is enabled by the nano-scale phosphate cathode material. The main benefits are long cycle life, higher current rating, and thermal stability which means extra safety.

6. LTO: LTO batteries are lithium titanate (Li2TiO3)  or li-titanate batteries, which is a class of batteries that is used in a growing number of applications. They are high-power batteries, so they are perfect for use in fast-charging stations.

LTO batteries technology and applications

LTO (Lithium tintate) was invented in the year 2008. Its anode material is Li4+aTi5O12, the cathode material is LibFePO4 and the carrier is Li+. They use it in different applications like UPS, electrical power trains, solar-powered street lights, fast-charge stations, and forklifts. Other applications for LTO batteries include aerospace and military uses, and more importantly wind and solar energy storage and smart grids creation. Li-titanate is used instead of the graphite in the anode of a common lithium-ion battery and the material is formed into a spinel structure. The cathode material is either LMO or NMC. As mentioned, they use li-titanate batteries in electric vehicles, yet LTO batteries have lower energy density than other Li-ion battery types, which can be a disadvantage in efficiently powering vehicles. Still, the density of LTO batteries is higher than other non-Li-ion batteries.

Materials & chemical reactions occur at the anode and cathode of LCO, LMO, NCA, NMC, LFP, and LTO type of lithium-ion cells:

Six types of lithium-ion batteries are compared relative to one another:

Lithium-ion battery Types SP SE SF LS CS PF

Lithium Cobalt Oxide

L

H

L

L

L

M

Lithium Manganese Oxide

M

M

M

L

L

L

Lithium Nickel Manganese Cobalt Oxide

M

H

M

M

L

M

Lithium Iron Phosphate

H

L

H

H

L

M

Lithium Nickel Cobalt Aluminum Oxide

M

H

L

M

M

M

Lithium Titanate

M

L

H

H

H

H

  • SP stands for specific power
  • SE stands for specific energy
  • SF stands for safety
  • LS stands for lifespan
  • CS stands for cost
  • PF stands for performance
  • L stands for low
  • M stands for moderate
  • H stands for high

Summary of the Table

Lithium Cobalt Oxide has high specific energy as compared to the other batteries which makes it the preferred choice for laptops and mobile phones. It also has a low cost and a moderate performance. However, it is highly unfavorable in all the other aspects when compared to the other lithium-ion batteries. It has a low specific power, low safety, and a low lifespan.

Lithium Manganese Oxide has a moderate specific power, moderate specific energy, and a moderate level of safety when compared to the other types of lithium-ion batteries. It has the added advantage of a low cost. The downsides are its low performance and low lifespan. It is usually used in medical devices and power tools.

Lithium Nickel Manganese Cobalt Oxide has two major advantages as compared to the other batteries. The first one is its high specific energy which makes it desirable in electric powertrains, electric vehicles, and electric bikes. The other is its low cost. It is moderate in terms of specific power, safety, lifespan, and performance when compared to the other lithium-ion batteries. It can be optimized to either have high specific power or high specific energy.

Lithium Iron Phosphate only has one major disadvantage when compared to other types of lithium-ion batteries and that is its low specific energy. Other than that, it has moderate to high ratings in all the other characteristics. It has a high specific power, offers a high level of safety, has a high lifespan, and comes at a low cost. The performance of this battery is also moderate. It is often employed in electric motorcycles and other applications that require a long lifespan and a high level of safety.

Lithium Nickel Cobalt Aluminum Oxide offers one strong advantage as compared to the five other batteries and that is high specific energy. It is pretty moderate in the rest of the characteristics like performance, cost, specific power, and lifespan. The only downside to this battery type is its low level of safety. Its high specific energy and moderate lifespan make it a good candidate for electric powertrains.

Lithium Titanate offers high safety, high performance, and a high lifespan which are very important features every battery should have. Its specific energy is low compared to the five other lithium-ion batteries but it compensates for this with a moderate specific power. The only major disadvantage of lithium titanate as compared to the other lithium-ion batteries is its extremely high cost. Another important feature of this battery worthy of mention is its remarkably fast recharge time. It can be used for storing solar energy and creating smart grids.

2.

Cells have been used for storing energy from time immemorial, from a Baghdad battery, which dates back to 250BC to newer technology such as a hydrogen fuel cell, that just gives water as a byproduct, batteries have come a long way. A group of cells when connected together is called a battery. 

Batteries are touted as the future of energy storage for Electric Vehicles. Even the first cars, made in the year 1842 were powered by batteries, which is almost 2 decades before the invention of Internal combustion engine vehicles but the lack of range and slow charge rate caused the decline of Electric Vehicles in the 20th century. The growing environmental concern due to climate change has forced us to move towards renewable energy and adopt battery energy storage systems and the research and development of battery technologies kick-started.

In a country like India, more than a quarter of total pollution is caused due to automobiles. Till date the adoption of Electric Vehicles (EV) could not take off due to range anxiety, price, lack of infrastructure, and lack of choices. The research and development in Li-ion batteries in recent years have paved the way for EVs across the globe. We have previously discussed the basics of electric vehicle batteries in general. In this article we will be learning about different Li-ion chemistries, their advantages and disadvantages and compare them with few other rechargeable batteries.

Primary Cell and Secondary Cell

Primary cells are single-use, non-rechargeable cells, the ones we use in our TV remotes, wall clocks, etc. These are considerably cheaper while having high energy density, which means that they are smaller, weigh less and are more cost-effective. This makes them ideal choice for applications that require lower amount of energy as it helps cut down the cost as well as the weight of the final product.

Secondary cells are energy storage devices that can be reused multiple times. They can perform reversible cell reactions that allow them to recharge, by just reversing the direction of the current. Albeit being more expensive than the primary cells, they can be used multiple times, thus making them a better choice for energy storage applications that require a constant replenishment of energy, such as mobile phones, smart-watches, Electric vehicles, or large Battery Energy Storage systems for homes or discoms, etc.

There are a lot of different types of secondary cells available in the market, there are multiple variants of Lithium-ion cells, Nickel cells, Lead-acid batteries, hydrogen fuel cell, etc., all these batteries have their pros and cons. In this article, we will focus only on different chemistries of Li-ion Batteries.

Li-ion Cell

Lithium-ion cells are rechargeable cells, they use lithium as one of the key components in the construction of the cell. The development of Li-ion cells started in the early 70s, and their advancement and potential to catapult the energy storage systems making the adoption of EV’s a reality caused its inventors to win a Nobel Prize in Chemistry in 2019. These are rechargeable cells commonly used in portable electronics to something as large as Discoms for storing energy produced from renewable energy. There is a tremendous amount of research going on in the Li-ion batteries which cause the capacity of battery to increase drastically in the coming future. In the past 3 decades, the cost of battery has decreased by 97% and since the last decade, it has fallen by 88%. 

Components of Li-ion Cell

Like any other cell, Li-ion cells are also made up of different components. These internal components help in shaping the features and other characteristics of a Li-ion cell. The Li-ion cell has 4 main components that are Cathode, Anode, Electrolyte, and Separator. The image below shows the different components of a Li-ion cell. 

Cathode:

The material used in the cathode determines the capacity and voltage of Li-ion battery. This material is called the active material. The active material plays a crucial role in the chemical reaction in the battery which causes the flow of current. The capacity of a cell depends on the size of the active material at the cathode, i.e. for higher capacity of the cell, we need to have bigger cathodes. Meanwhile, the voltage of the cathode depends on the element used as a cathode. 

The nomenclature of the battery usually depends on the cathode, like a Lithium-ion battery has a cathode made up of Lithium. But because lithium is highly reactive and unstable making it difficult to contain and use directly, therefore a combination of lithium and oxygen is used as a cathode. 

Anode:

Similar to the cathode, an anode is the other electrode, which is also coated with an active material. It is the negative electrode and its property decides the rate of charge and discharge of the battery. We try to maximize the surface area of the anode which affects the rate of flow of electric current through the external circuit, resulting in a higher rate of absorption or emission of lithium ions released from the cathode. Anode stores the lithium ions during the charge cycle of the battery. The image below shows the discharging and charging states of the battery showing the flow of electrons and ions during the process.

The most commonly used anodes in Li-ion cells are graphite and the oxide spinel Li4Ti5O12. Graphene is being investigated and is considered a better alternative that can increase the power density as well as the charge and discharge rate of the cell.

Electrolyte:

An electrolyte solution is an electrically neutral solution, both the electrodes are submerged in the electrolyte solution. Although the solution is neutral but when an electric potential is applied, the ions start flowing towards the electrode. During the charge cycle, the lithium ions move from cathode to anode, while in the discharge cycle the reverse happens. Electrolyte plays a major role in the movement of ions thus making the flow of current possible. The movement of anions and cations in opposite directions in the electrolyte causes the flow of current.

For a Li-ion cell, the electrolyte needs to be a lithium salt, hence the most commonly used electrolyte in a Li-Ion battery is LiPF6 dissolved in an organic solvent.

Separator:

The separator plays an important role in the functioning of the battery. The electrolyte acts as a medium between the electrodes while the separator is placed between the electrodes to isolate them from each other so that no electron flows through them while allowing the ions to flow between them. The separator forms a catalyst when covered with the electrolyte thus facilitating the movement of ions between anode and cathode while stopping the electrons. When excessive heat is applied, the pores of separator get clogged by the melting process, this property can be employed as a safety feature, making the separator act as a fuse, stopping the flow of current in case of overheating thus safeguarding the battery from fire.

Most batteries for mobile phones and tablets which need to be kept lightweight and do not have a very rugged use have a single polyethylene separator while larger industrial batteries deploy tri-layered separator that acts like a fuse, protecting fires during extreme temperatures and on multi-cell configurations.

Types of Li-ion Battery

Li-ion batteries can be classified based on the combination of anode and cathodes used. There are six categories of lithium-ion battery readily available in the market, these are Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Cobalt Oxide (NMO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), and Lithium Titanate (LTO). Apart from the LTO battery, all other Li-ion battery has graphite as an anode. All the above Li-ion chemistries have different properties and we need to know their properties, their operating conditions and other parameters in order to select the best battery for our application. The properties of all the chemistries are given below.

1. LITHIUM COBALT OXIDE (LCO): Energy Dense but Low Thermal Stability

Lithium cobalt oxide battery have cobalt as the main active material in its cathode. It was invented in 1991 and has been extensively used because of its high energy density of 150-200 Wh/kg. Although this battery chemistry is energy dense, but other options are being investigated as the experts are claiming that the world could face a cobalt supply shortage soon. This is due to the surge in sales of electric vehicles where this battery chemistry is extensively used, leading to increase in cost over time.

Cobalt is a highly volatile metal, which limits the current handling capabilities of LCO battery due the risk of overheating. Furthermore, LCO batteries have lower thermal stability, that makes them sensitive to higher operating temperatures and overcharging.

LCO batteries are extensively used in portable electronics such as phones, cameras, laptops and have a high demand in electric vehicles. 

2. LITHIUM MANGANESE OXIDE (LMO): The Safest Li-ion Chemistry

Lithium manganese oxide batteries are also known as lithium-ion manganese batteries. It has LiMn2O4 as a cathode. The earliest commercially developed battery with this chemistry was produced in 1996. These batteries have low internal resistance and high temperature stability which makes them safer than other lithium-ion battery types. LMO batteries are capable of delivering current up to 20-30 Amps due to their low internal resistance, thus making fast charging and discharging possible.  

The main disadvantage of this chemistry is its relatively low cycle life of 300-700 cycles. These batteries also have lower capacity. Because of these drawbacks limited research and advancement of this battery type are expected in the future.

LMO batteries are extensively used in applications where high C-rates are required such as power tools. It also has applications in EVs and in medical applications.

3. LITHIUM IRON PHOSPHATE (LFP): Affordable, Safe, and Reliable

Lithium iron phosphate batteries use phosphate as active material in the cathode. These batteries are one of the most used chemistries in electric motorcycles, e-rikshaw as well as other applications that need a long lifecycle and significant safety. These batteries have a moderately high energy density of 90-160 Wh/kg. Similar to LMO, LFP chemistry have low internal resistance resulting in higher thermal stability. Unlike the LCO battery, these batteries are durable and have a long lifecycle with low self-discharge rates. LFP batteries have one of the best life cycles making them a very cost-effective option considering their long operations life. However, the nominal voltage of 3.2V of the li-phosphate battery means that it has less energy than other types of lithium batteries. 

LFP batteries are used in industrial equipment and heavy machinery due to their high thermal stability and great life cycles. They are widely used in EVs, especially in e-bikes, e-rikshaw, and many cars because of their ability to withstand a lot of mechanical and thermal abuse. 

4. LITHIUM NICKEL MANGANESE COBALT OXIDE (NMC): Expensive but High Performing Battery

Lithium Nickel Manganese Cobalt Oxide (NMC) Batteries uses a combination of nickel, manganese and cobalt as the active material for its cathode. The most commonly used ratio is 60 percent nickel mixed with 20 percent each of manganese and cobalt to form the alloy. Changing the ratio of these metals can alter the property and we can either attain a high specific energy density or a high specific power. These batteries are cheaper than other Li-ion batteries and have a very low self-heating rate and a nominal voltage of 3.7V. NMC batteries have energy density of 150-220 Wh/kg, which is higher than most other chemistries. 

This battery is commonly used to power medical equipment, power tools and is considered as one of the preferred battery chemistries for EVs.

5. LITHIUM NICKEL COBALT ALUMINUM OXIDE (LINICOALO2) NCA: High Energy with Long Life

Lithium Nickle Cobalt batteries, also known as NCA batteries have a combination of nickel, cobalt and aluminum as active material in its cathode. These batteries have a high life cycle and are one of the most energy-dense Li-ion chemistry with energy density as high as 260Wh/kg and a nominal voltage of 3.6V. But the main disadvantage of this battery is its lower thermal stability and high cost making them an unviable option for consumer electronics. They are a good option for EVs due to their energy density, the NCA batteries must be used in cars with extra safety measures to monitor their performance and other data to keep the drivers secure.

The NCA batteries are becoming increasingly important in electric powertrains such as in Tesla and find application in grid storage due to their lifespan and energy density. 

6. Lithium titanate LTO: Long life, fast charge using advanced Nanotechnology

Lithium titanate, also known as li-titanate are one of the newly developed Li-ion chemistries. They have advanced nanotechnology and replace the graphite used in the anode with lithium titanate as the active material. The large surface area of Li-titanate allows a larger quantity of electrons to enter and exit the anode faster, making a very high rate of charging and discharging possible without compromising on safety. The main drawback of this battery is that it suffers from is the low nominal voltage and low energy density of 2.4V and 50-80Wh/kg respectively. What makes this battery special is its ability to provide discharge rate exceeding 30 C for a short period of time. The use of advance nanotechnology makes it one of the safest chemistries available in today’s time. 

Currently, a lot of big manufacturers of electric vehicles and bikes such as Mitsubishi, Honda, etc., use li-titanate batteries, and there is potential for this type of battery to be used in electric buses for public transportation. 

LTO batteries have potential scope in aerospace, military and are used in battery energy storage systems for storing wind energy and solar energy and for creating smart grids. Their ability to sustain high discharge rates make them a preferred option for frequency control devices for grid applications. 

Battery Comparison

The battery can be compared on many different parameters such as nominal voltage, the weight of the battery, specific energy, etc. The chart given below compares data of different chemistry of Li-ion cell. For reference, we have also added NiMh, Ni-cd battery in the table below.

Battery Chemistry

Temp min (℃)

Temp max (℃)

Cell Voltage (volts)

Self-discharge (% / month)

Cycles Times (max)

Weight

NiCd

-20

60

1.2

20

800

Heavy

NiMH

-20

70

1.2

30

500

Middle

Low Self Discharge NiMH

-20

70

1.2

1

2000

Middle

Li-ion (LCO)

-40

70

3.6

10

1000

Light

Li-ion (LFP)

-40

80

3.2

5

12000

Light

LiPo (LCO)

-40

80

3.7

10

1000

Lightest

Li-Ti (LTO)

-40

55

2.4

5

20000

Light

LMO

-

85

3.7

-

700

Heavy

For better representation of the above the data, the graphs have been drawn. The first graph represents the operating temperatures of different battery chemistry while the second graph shows the self-discharge rate of different battery chemistry.  

From the above graph, it is clear that all the Li-ion chemistries have a broader operating range than the Nickel based batteries. 

From the above graph showing the self-discharge rate, it is clear that most of the Li-ion cells have a very low self-discharge rate.

Comparison of Different Li-ion Chemistries

The property of Lithium-ion cell depends completely on the cell chemistry. All the chemistries have their own pros and cons which need to be considered while selecting a battery for a specific usage. The table listed below compares different Li-Ion chemistries.

 

Lithium Titanate (Li2TiO3) — LTO

Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) — NMC

Lithium Iron Phosphate(LiFePO4) — LFP

Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2) — NCA

Lithium Cobalt Oxide(LiCoO2) — LCO

Voltages

Nominal (Volt)

2.40V

3.70V

3.30V

3.70V

3.70V

Typical operating range

(V/cell)

1.8V–2.85V

3.0V–4.2V

2.5V–3.65V

3.0 V–4.2V

3.0 V–4.2V

Specific energy (Wh/kg)

50–80Wh/kg

150–220Wh/kg

90–120Wh/kg

200-260Wh/kg

150–200Wh/kg.

Charge (C-rate)

1C typical; 5C maximum, charges to 2.85V

0.7–1C, charges to 4.20V

1C typical, charges to 3.65V

0.7C, charges to 4.20V, fast charging possible with some cells

0.7–1C, charges to 4.20V

Discharge (C-rate)

10C possible, 30C 5s pulse

1C, 2C possible on some cells

1C, 25C on some cells

1C

1C

Cycle life

3,000–7,000

1000–2000

5000-7000; up to 12000 possible in some cells

500

500–1000

Thermal runaway

200°C +

210°C (410°F)

270°C (518°F)

150°C (302°F)

150°C (302°F)

Cost

(per kWh)

~$1,005

~$420 per

~$580

~$350

-

Application

Electric vehicles, UPS, etc

E-bikes, E-Rikshaw, industrial equipment, etc

E-bikes, E-Rikshaw, Battery Energy storage system for discoms, offices and homes

Medical devices, industrial equipment, electric vehicles

Smart watches, mobile phones, tablets, laptops, cameras

The graph shown below compares the nominal voltages of different Li-ion Chemistry.

From the above graph, we can say that the nominal voltage of NMC, LCO and LMO is higher than other chemistries while that of LTO is lowest. If we compare the data for energy density from the table, we find that the chemistry follows the same trend with LTO having the lowest energy density.

In terms of cycle life, LFP and LTO have the best cycle life while the NCA and LTO have a very low cycle life making them unfit for EVs. 

LFP, NMC and LTO have the best thermal runaway making them most suitable for operations in extreme temperature.

When considering the costs, LTO performs well in most parameters, but the cost is not justifiable for consumer products and everyday portable equipment, whereas, NMC and LFP provides best of both worlds, they are competitively priced, while providing a decent performance and although NCA is cheaper than the other options but its poor thermal performance makes it dangerous for EVs and other operations where high temperature and mechanical stress is common, thus extra cost has to be considered for employing additional safety features to make it safe to use.

To sum up, it can be said that Li-ion batteries are the future of energy storage, the specification of cell depends on the internal composition, i.e. the material used for the electrodes, separator and the electrolyte. By changing the cathode, properties such as specific energy, charging rates, cycle life, nominal voltage, etc. can be controlled but every chemistry has their own pros and cons which needs to be considered while selecting the li-ion cell for a product. 

In terms of cycle life, LFP and LTO have the best cycle life while the NCA and LTO have a very low cycle life making them unfit for EVs. LFP, NMC and LTO have the best thermal runaway making them most suitable for operations in extreme temperature. When considering the costs, LTO performs well in most parameters, but the cost is not justifiable for consumer products and everyday portable equipment, whereas, NMC and LFP provides best of both worlds, they are competitively priced, while providing a decent performance and although NCA is cheaper than the other options but its poor thermal performance makes it dangerous for EVs and other operations where high temperature and mechanical stress is common, thus extra cost has to be considered for employing additional safety features to make it safe to use.

A lot of research is going on in the field of battery and according to industry experts, the energy density of battery will increase with the cost expected to decline in the coming future. 

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