Energy Storage News•14 days ago
Samsung SDI partners with Korea East-West Power to develop ‘global’ BESS projects
Key Takeaway
A strategic partnership between a major battery OEM and a state utility is poised to accelerate global BESS and renewable energy deployment, impacting supply chains and project development for IPPs and large power consumers.
AI Summary
- •Samsung SDI (battery OEM) and Korea East-West Power (state utility) have signed an MOU to jointly develop and invest in global energy storage systems (ESS) and renewable energy projects.
- •This partnership signals a significant push by a major battery manufacturer and a utility into international BESS and renewables markets, potentially increasing project opportunities and competition for developers and IPPs.
- •The collaboration aims to leverage Samsung SDI's battery technology and EWP's utility experience to accelerate the deployment of large-scale BESS solutions worldwide, impacting future supply and project availability.
Topics
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Article Content
South Korean battery and electronics materials manufacturer Samsung SDI and South Korean state-utility Korea East-West Power (EWP) have signed a memorandum of understanding (MOU) to develop and invest in global energy storage systems (ESS) and renewable energy projects.