Samsung SDI and Korea East-West Power will strengthen cooperation in the energy storage system (ESS) business. The companies said on Feb. 9 they signed a memorandum of understanding on joint cooperation in global energy development projects at StarPlus Energy (SPE) in Kokomo, Indiana on Feb. 6 local time. SPE is a joint venture between Samsung SDI and Stellantis.

Under the agreement, the two companies will jointly carry out development and investment in energy development projects at home and abroad. They will also identify new business models, including renewable energy-linked and power grid stabilisation projects. They plan to expand cooperation, including jointly 추진 an energy management and operations (MSP) business at Samsung SDI's Ulsan plant.

Samsung SDI has a range of products, from batteries for auxiliary power such as uninterruptible power supplies (UPS) and battery backup units (BBU) to the SBB (Samsung Battery Box) power ESS solution. As the only non-Chinese prismatic battery maker, it has been recognised for durability, energy density and its technology to prevent thermal propagation (No TP). It has recently signed a series of large supply contracts with major U.S. energy companies, strengthening its market leadership.

Korea East-West Power has built up capabilities in building and operating power plants in the United States, Australia, Saudi Arabia and Indonesia. It is expanding business models that combine power infrastructure and energy solutions through the country's first power generation-linked ESS deployment and operation of an MSP centre.

Kim Heon-jun (김헌준), vice president and head of Samsung SDI's U.S. unit, said, "We expect to strengthen global competitiveness in the ESS and renewable energy fields through cooperation with Korea East-West Power, a leading state-run power generation company." He added, "We will solidify our position as a differentiated energy solutions company."

Kwon Myung-ho (권명호), CEO of Korea East-West Power, said, "When the infrastructure of a state-run energy company meets advanced technology from the private sector, we can secure competitiveness in the global market." He added, "We will use this agreement as an opportunity to deliver executable business results."