SK Innovation, the intermediate holding company for energy and chemicals within SK Group, and its battery subsidiary SK On announced on the 6th that they have signed a memorandum of understanding (MOU) with Standard Energy, a Korean company specializing in energy storage systems (ESS), to jointly develop batteries with high fire safety.
They agreed to focus mainly on collaboration for the development of vanadium ion batteries (VIB) for short-duration ESS. ESS is classified into short-duration systems, which store and discharge energy for less than four hours, and long-duration systems, which operate for longer periods. Short-duration ESS is used in facilities such as data centers, where repeated high-power operation over short intervals is required, making safety and power performance critical.
VIB uses an aqueous electrolyte solution as its main component, eliminating the risk of fire and explosion, and offers high output, making it considered suitable for short-duration ESS. A representative of SK On said, “Through this collaboration, we plan to expand our portfolio in the ESS sector to include lithium iron phosphate (LFP) batteries, VIB, and other products.”
Standard Energy is the first company in the world to develop VIB specifically for ESS. It has reportedly succeeded in demonstrating and commercializing VIB and is supplying VIB ESS to multiple customers.
Park Hyeon-ik
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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