The global demand for lithium iron phosphate (LiFePO4 or LFP) batteries has been steadily rising, driven by their superior safety, longer cycle life, and cost-effectiveness compared to other lithium-ion battery types. The United States, recognizing the strategic importance of this technology, has been ramping up its efforts to bolster domestic LFP battery manufacturing capacity. This push aligns with the increasing need for sustainable energy solutions, particularly in industrial applications and electric vehicles. Growing Demand for LFP Batteries in the U.S. LFP batteries have become the go-to choice for a wide array of industrial applications due to their inherent safety, stability, and ability to operate under extreme conditions. Industries ranging from warehouse operations to construction rely heavily on machinery such as forklifts and ground support equipment (GSE), all of which benefit from LFP battery power systems. In addition, electric vehicles (EVs) and grid energy...