LFP is the undisputed dominant chemistry for ESS batteries. This presentation will provide an outlook on the Lithium market and its implications for ESS scalability, as well as ESS's impact on the Lithium market. Topics will include:

• Cost, scale, and bankability advantages ' and limitations
• Lithium price volatility as a systemic risk
• EV oversupply spilling into ESS markets
• Risk of short-term cost decisions locking in long-term technology problems