Samsung SDI Wins $1 Billion Deal to Supply ESS Batteries in US
Samsung SDI has secured a KRW 1.5 trillion ($1 billion) deal to supply prismatic ESS batteries to a US energy company over four years, starting in 2026.
- KRW 1.5 trillion ($1 billion)
- 2026-2029 (4 years)
- KRW 2 trillion LFP ESS cell supply
What Happened
Samsung SDI announced a KRW 1.5 trillion ($1 billion) ESS battery supply deal with a US energy company. The batteries will be produced at the StarPlus Energy plant in Indiana, a joint venture with Stellantis. Initial supplies will use NCA chemistry, later expanding to LFP. The supply period runs from 2026 to 2029.
Samsung SDI signed a KRW 2 trillion LFP ESS cell supply deal with a US energy infrastructure company.
Samsung SDI announces a KRW 1.5 trillion prismatic ESS battery supply deal with a US energy company.
“The latest series of orders confirm SAMSUNG SDI’s technological competitiveness and credibility in the global ESS market.”
Why this matters
This deal strengthens Samsung SDI's foothold in the US ESS market amid growing demand from renewable energy and AI sectors, and reinforces its position as the only non-Chinese supplier of prismatic ESS batteries in North America.
Terms in This Story
- ESS
- Energy Storage System, a technology that stores energy for later use.
- Prismatic battery
- A battery cell with a rectangular shape, often used for large-scale energy storage due to its durability and safety.
- NCA
- Nickel Cobalt Aluminum, a lithium-ion battery chemistry.
- LFP
- Lithium Iron Phosphate, a type of lithium-ion battery known for safety and long life.
Summarised from the linked release; details can be imperfect — always verify against the original source.