Samsung SDI overwhelms rivals in gov't-led ESS deals

Samsung SDI has secured six of eight battery supply deals in a 1 trillion won ($726 million) project led by the Ministry of Trade, Industry and Energy to install energy storage systems (ESS) in Korea’s southern regions. According to industry officials on Friday, Samsung SDI was selected as the preferred bidder to supply its nickel-cobalt-aluminum (NCA) batteries to six facilities in South Jeolla Province’s Jindo, Goheung, Yeonggwang, Muan and Shinan counties. These facilities will have a combined capacity of 465 megawatts, or 2,574 megawatt-hours. The other two facilities, in Gwangyang, South Jeolla Province and on Jeju Island, will use lithium iron phosphate (LFP) batteries from LG Energy Solution (LGES). SK On did not win any orders this round. The outcome came as a surprise as LGES had previously beaten Samsung SDI in most ESS bids. Because NCA batteries with higher energy densities are more expensive than LFP batteries, LGES had been expected to sweep most of the recent orders. However, the government reportedly favored Samsung SDI for its plan to manufacture most of the batterieWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times