Samsung, ABB form energy storage alliance

 Samsung, ABB form energy storage alliance

Samsung SDI, a manufacturer of lithium-ion (li-ion) batteries, and power automation group ABB signed a memorandum of understanding (MOU) to establish a strategic commercial alliance.

The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, using li-ion batteries for energy storage.

ABB’s global presence and knowledge in microgrid will allow Samsung SDI to gain better access to microgrid systems and markets. Likewise, Samsung SDI’s knowledge in battery and materials will enable ABB to expand its energy storage systems.

According to B3, a Japanese market research firm, in 2014, Samsung SDI was the world’s largest li-ion battery manufacturer.

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