LFP powered from China sells for around $4,000 per metric ton today, about one-third what it costs in the United States. “In our V1 system — end of this year — our goal is to be about a $5,000 per [metric] ton production cost point, and we’re going to scale up and get this to less than $2,500 per [metric] ton,” he said. The process developed by Electroflow takes just three steps to transform salty water into LFP material. “We just were really fascinated by the idea of using newer technology, like battery technology, and applying it to other industries beyond batteries. He’s confident the company will be able to undercut Chinese producers, even in a few years when Electroflow reaches commercial production.