Following last year’s KRW 2 trillion-order milestone, another large-scale contract Production to begin at joint venture plant in Indiana, USA
Newsis
Samsung SDI has signed a KRW 1.5 trillion supply contract for energy storage system (ESS) batteries with a U.S. energy company. Following an order worth over KRW 2 trillion at the end of last year, the company has once again secured a large-scale supply deal in the North American market.
According to Samsung SDI on the 16th, its Americas subsidiary, “Samsung SDI America,” recently concluded an ESS battery supply contract with a major U.S. energy specialist company. The supply period is four years from this year through 2029, and the total contract value is approximately KRW 1.5 trillion.
The batteries supplied under this contract will be produced at the StarPlus Energy (SPE) plant, a joint venture between Samsung SDI and Stellantis located in Indiana, United States. The company plans to sequentially supply its flagship nickel cobalt aluminum (NCA) batteries and lithium iron phosphate (LFP) batteries.
Samsung SDI is focusing on penetrating the North American ESS market, where demand is increasing due to the recent growth of the artificial intelligence (AI) industry and the expansion of renewable energy generation. At the end of last year, it also signed an ESS LFP battery supply contract worth more than KRW 2 trillion with a U.S. energy infrastructure development and operation company. The company is reportedly in discussions on additional supply contracts with multiple global customers.
Industry observers view the characteristics of prismatic batteries, which Samsung SDI is prioritizing, as having positively influenced the order intake. Prismatic batteries are assessed to offer superior durability compared with pouch-type batteries and to have a relative advantage in terms of fire safety. Samsung SDI is the only non-Chinese prismatic ESS battery supplier in the North American market. A Samsung SDI representative stated, “The recent series of orders confirms the company’s technological capabilities and reliability in the global ESS market,” adding, “We will continue to respond to diverse ESS demand in line with customer requirements.”
Lee Dong-hoon
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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