Samsung SDI recently announced that it has landed another mega-sized deal for the supply of ESS batteries in the United States, accelerating expansion into the global ESS market.
The company said its Michigan-based subsidiary Samsung SDI America recently clinched a KRW 1.5 trillion ($1 billion) worth deal to supply ESS batteries in phases for a U.S. energy company over a four-year period from this year through 2029.
The batteries will be produced at StarPlus Energy’s plant in Indiana, as a joint venture between Samsung SDI and automaker Stellantis.
Initial supplies will begin with NCA (Nickel·Cobalt·Aluminum), and later expand to lithium iron phosphate (LiFePO4).
The latest deal means that Samsung SDI has been highly recognized for technological competitiveness of NCA and LFP batteries in the global market.
Samsung SDI is currently increasing its presence in the U.S. market where demand for ESS is surging in line with the expanding renewable energy and artificial intelligence markets.
Last December, the Korean battery maker signed a deal worth over KRW 2 trillion for LFP ESS cell supply with a U.S. energy infrastructure company. The company is further strengthening its foothold in the U.S. market by securing the latest deal.
Samsung SDI is currently in talks with multiple global customers to provide batteries, with expectations to produce tangible outcomes in the near future.
Industry observers assess the series of mega-deals won by Samsung SDI, backed by its prismatic battery technology (PrismStack) known for superior safety, to give the company a competitive edge to win the ongoing Korean government-led bid offer for ESS battery supplies for state-run power companies.
Samsung SDI’s prismatic batteries are already recognized by multiple U.S. energy businesses ― not only for their durability advantages over pouch-type batteries, but also for their fire-safety technologies and proven reliability ― underscoring the company’s position as the only non-Chinese supplier of prismatic ESS batteries in North America.
“The latest series of orders confirms Samsung SDI’s technological competitiveness and credibility in the global ESS market,” commented a company spokesperson. “The company will continue its efforts to meet the diverse needs of global customers for specific performance requirements.”
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