Utility Dive•10 days ago
SK On pivots to stationary energy storage after Ford joint venture ends
Key Takeaway
A major battery OEM's increased focus on stationary energy storage signals potential for enhanced supply and competitive pricing for grid-scale and large-load battery solutions.
AI Summary
- •SK On, a major battery manufacturer, is pivoting its U.S. strategy to focus on stationary energy storage systems for "profitable and sustainable growth."
- •This strategic shift follows the termination of a joint venture with Ford, though SK On will continue to supply EV batteries to Ford.
- •The increased commitment from a significant OEM like SK On to stationary storage could lead to greater supply availability and potentially more competitive pricing for grid-scale and large commercial/industrial battery projects.
- •This development offers developers, IPPs, and large power consumers a new, potentially diversified source of battery supply for their energy storage needs.
Topics
datacenteroemstorage
Article Content
The manufacturer says it will continue to supply EV batteries to Ford. However, it plans to focus more on “profitable and sustainable growth” in the U.S. by supplying other customers as well, including stationary energy storage systems.