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.

Subscribe to Power Engineering magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...