South Korean battery manufacturer Samsung SDI has signed a long-term supply contract for lithium iron phosphate (LFP) batteries for stationary energy storage systems in North America. THe companyʼs U.S. subsidiary, Samsung SDI America, will supply LFP cells to an unnamed energy company for three years, beginning in 2027. According to Samsung, the order is worth the equivalent of approximately 1.36 billion US dollars.
Conversion of production lines
Until now, Samsung SDI has primarily focused on nickel-cobalt-aluminum (NCA) cells. Production of LFP cells will take place at the existing plant in Indiana, where production lines for electric vehicle batteries will be converted for use with products for energy storage systems. The LFP cells are part of the “Samsung Battery Box 2.0” all-in-one system which integrates multiple battery racks into a single container. According to the company, this solution is designed to simplify installation and is based on prismatic cells in aluminum housings.
ESS demand to double by 2030
Samsungʼs adoption of LFP cells is in response to the growing demand for cost-effective and safe energy storage systems (ESS) in the United States, especially given the expansion of renewable energy and the growing use of AI applications. Studies indicate that the demand for stationary storage in the U.S. is expected to more than double by 2030. As the only non-Chinese manufacturer of prismatic ESS cells with production in the United States, Samsung SDI sees itself in a favorable competitive position.
Source:
https://www.samsungsdi.com/sdi-now/sdi-news/4642.html
