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market","north-america-sees-lfp-production-capacity-pipeline-grow-driven-by-the-bess-market","article/north-america-sees-lfp-production-capacity-pipeline-grow-driven-by-the-bess-market",{"_uid":547,"date":548,"tags":549,"editor":573,"content":583,"excerpt":695,"featured":51,"reporter":696,"component":700,"seo_title":701,"categories":702,"visibility":709,"author_company":49,"data_vis_image":710,"featured_image":713,"seo_description":716,"author_full_name":49,"author_job_title":49,"formattedDate":717,"formattedArticleDate":718},"76cc5572-ecd2-42e0-8b69-f4cc6eef23c4","2025-11-06 00:00",[550,553,556,559,562,565,568,570],{"slug":551,"name":552},"bess","BESS",{"slug":554,"name":555},"us","US",{"slug":557,"name":558},"lg-energy-solution","LG Energy Solution",{"slug":560,"name":561},"sk-on","SK On",{"slug":563,"name":564},"envision","Envision",{"slug":566,"name":567},"north-america","North America",{"slug":569,"name":451},"lfp",{"slug":571,"name":572},"data-centres","Data centres",[574],{"slug":575,"name":576,"content":577},"didi-bostock","Didi Bostock",{"job_title":578,"image":579,"bio":581,"linkedin":582},"Editor - Energy Transition & Economics",{"filename":580},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":584,"content":585},"doc",[586,593,604,611,616,621,646,651,666,671,676,681,686,691,693],{"type":587,"attrs":588,"content":589},"paragraph",{"textAlign":49},[590],{"text":591,"type":592},"Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out.","text",{"type":594,"attrs":595},"blok",{"id":596,"body":597},"49b071ae-f354-4b02-87ca-b4407c785391",[598],{"id":599,"_uid":600,"type":601,"component":602,"fixed_height":603,"use_fixed_height":50,"fixed_height_mobile":603,"fixed_height_tablet":603},"26046543","i-bf56142a-c20e-47c1-b676-75254642ffd1","visualisation","ContentFlourish","",{"type":605,"attrs":606,"content":608},"heading",{"level":607,"textAlign":49},2,[609],{"text":610,"type":592},"How is future capacity changing?",{"type":587,"attrs":612,"content":613},{"textAlign":49},[614],{"text":615,"type":592},"The new capacity announcements come from a mix of players, including companies retrofitting existing NCM production lines to LFP, as demand for US-made LFP cells strengthens.",{"type":587,"attrs":617,"content":618},{"textAlign":49},[619],{"text":620,"type":592},"Companies that have announced or have completed line retrofits include:",{"type":622,"content":623},"bullet_list",[624,632,639],{"type":625,"content":626},"list_item",[627],{"type":587,"attrs":628,"content":629},{"textAlign":49},[630],{"text":631,"type":592},"LGES, Michigan",{"type":625,"content":633},[634],{"type":587,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":592},"SK On, Commerce",{"type":625,"content":640},[641],{"type":587,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":592},"Envision AESC, Smyrna",{"type":587,"attrs":647,"content":648},{"textAlign":49},[649],{"text":650,"type":592},"In addition, several companies have revised previously planned gigafactories to focus on LFP rather than NCM. These include LG and GM, Samsung, and VW.",{"type":587,"attrs":652,"content":653},{"textAlign":49},[654,656,658,660,662,664],{"text":655,"type":592},"Alongside these developments, two planned LFP facilities – fro",{"text":657,"type":592},"m Frey",{"text":659,"type":592},"r and KORE Power – have been cancelled. However,",{"text":661,"type":592}," Shelbyville Batter",{"text":663,"type":592},"y, a battery subsidiary of Canadian Solar, has announced new capacity additions through to",{"text":665,"type":592}," 2030.",{"type":587,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":592},"Benchmark expects further announcements from companies expanding beyond these listed announcement as BESS projected demand growths surges.",{"type":605,"attrs":672,"content":673},{"level":607,"textAlign":49},[674],{"text":675,"type":592},"Why is this change happening?",{"type":587,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":592},"Following the passing of the One Big Beautiful Bill Act in July, US-based battery manufacturers have turned their attention to the BESS market as the main area of demand growth. This shift is driven by the continuation of IRA tax credits for BESS projects through to 2035, with increasing restrictions on prohibited foreign entity (PFE) involvement. From 2026, 55% of the cost ratio of a BESS project must be sourced from a non-PFE, increasing to 75% by 2030 and thereafter. Additionally, to receive the additional 10% domestic content adder credit, 45% of the cost of the project must be sourced from the US, increasing to 55% from 2027. As a result, demand for US-made LFP cells, which enable eligibility for these tax credits, has risen sharply.",{"type":587,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":592},"In parallel, large-scale data centre expansion is accelerating BESS deployment, as these systems support growing power demand while helping to expedite permitting processes.",{"type":587,"attrs":687,"content":688},{"textAlign":49},[689],{"text":690,"type":592},"Considering announced capacity through to 2030 and projected BESS demand, the US LFP market may move into oversupply by the late 2020s.",{"type":587,"attrs":692},{"textAlign":49},{"type":587,"attrs":694},{"textAlign":49},"Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]",[697],{"slug":575,"name":576,"content":698},{"job_title":578,"image":699,"bio":581,"linkedin":582},{"filename":580},"article","North America LFP capacity pipeline grow, driven by BESS",[703,706],{"slug":704,"name":705},"batteries","Batteries",{"slug":707,"name":708},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":49,"name":603,"focus":49,"title":49,"source":49,"filename":603,"copyright":49,"fieldtype":711,"meta_data":712},"asset",{},{"id":49,"alt":603,"name":603,"focus":603,"title":603,"source":603,"filename":714,"copyright":603,"fieldtype":711,"meta_data":715,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/76a3bdf3cc/bm-adobestock-1279070935.jpeg",{"alt":603,"title":603,"source":603,"copyright":603},"Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh.","Nov 06, 2025","6th November 2025",[],[],1784633792929]