Energy Storage News•15 days ago
US BESS deals: Samsung SDI’s first LFP contract, Trina’s 1GWh+ agreement with Lightshift
Key Takeaway
The entry of Samsung SDI's LFP cells and Trina's expanded supply agreement signify a maturing and diversifying US BESS market, offering more options and potentially lower costs for developers and large power consumers.
AI Summary
- •Samsung SDI has secured its first US contract for Lithium Iron Phosphate (LFP) battery cells, marking a significant entry into the US LFP market.
- •Trina Storage expanded its supply agreement with Lightshift for over 1GWh of Battery Energy Storage Systems (BESS), indicating substantial demand and project pipeline.
- •These deals increase the availability and diversification of LFP battery suppliers for US developers and large power consumers, potentially leading to more competitive pricing and supply chain resilience.
- •The growing adoption of LFP technology suggests a market shift towards potentially more cost-effective and safer energy storage solutions, impacting project economics and viability for new developments.
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