Samsung SDI has announced a partnership with Korea East-West Power to jointly pursue global energy storage systems (ESS) and renewable energy projects. The collaboration aims to expand their reach in the growing energy solutions market.
The memorandum of understanding (MOU) signing ceremony took place on Friday at StarPlus Energy, the battery joint venture facility between Samsung SDI and Stellantis, located in Kokomo, Indiana. Key figures in attendance included Kim Heon-joon, Executive Vice President of Samsung SDI Americas; Kim Yun-jae, Executive Vice President of StarPlus Energy; Kwon Myung-ho, CEO of Korea East-West Power; and other prominent executives.
This agreement outlines a commitment to jointly develop and invest in both domestic and international energy generation projects, focusing primarily on ESS. The partnership will also explore innovative business models, including renewable energy-linked solutions and initiatives designed to stabilize power grids, enhancing overall energy infrastructure.
Further plans include deepening cooperation across the broader energy sector. The initial focus will be on implementing management service provider (MSP) projects at Samsung SDI’s Ulsan battery facility. The collaboration also seeks to proactively address and respond to evolving changes in the global supply chain, ensuring a resilient and efficient energy solution ecosystem.
Samsung SDI offers a comprehensive portfolio of ESS products, ranging from individual battery cells and modules for auxiliary power needs – such as uninterruptible power supplies (UPS) and battery backup units – to the large-scale, utility-grade Samsung Battery Box ESS solution.
As the sole non-Chinese manufacturer of prismatic batteries, Samsung SDI is recognized for its superior energy density, enhanced durability, and advanced safety technologies. The company has recently secured significant ESS supply contracts with leading energy companies in the United States, underscoring its growing presence in the global market.
Korea East-West Power brings extensive expertise in overseas power projects, with a strong track record in regions including the US, Australia, Saudi Arabia, and Indonesia. The company has been actively expanding its business model by integrating power generation infrastructure with innovative energy solutions, evidenced by Korea’s first deployment of an ESS project directly integrated with a power plant and its successful MSP center operations.
“Through our collaboration with Korea East-West Power, a leading public power generation company, we anticipate further strengthening our global competitiveness in ESS and renewable energy,” stated Kim Heon-joon. “Samsung SDI is committed to solidifying its position as a premier energy solutions provider.”
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