Saturday, March 29, 2025

Samsung SDI Expands U.S. Reach with $326 Million Energy Storage Deal

Photo courtesy of Samsung SDI
Photo courtesy of Samsung SDI

Samsung SDI announced on Friday that it has secured a 437.4 billion KRW (approximately $326 million) contract with American energy giant NextEra Energy to supply batteries for an energy storage system. This contract represents 1.93% of Samsung SDI’s total sales. A company spokesperson revealed that the ESS supply will be executed across multiple projects.

The centerpiece of this supply agreement is the Samsung Battery Box, an all-in-one solution that integrates batteries, safety features, and climate control systems within a standardized 20-foot container. Its design prioritizes ease of transportation and installation.

At Korea’s largest battery exhibition, InterBattery 2025, Samsung SDI unveiled a new SBB model. This latest iteration boasts a 37% increase in capacity compared to the original SBB 1.0, achieved through optimized internal space design.

Hot this week

‘Spiced’ With Opium: Chinese Restaurant Owner Jailed for Drug-Laced Hot Pot

A Chinese restaurant owner was caught using opium poppies as seasoning, leading to a ban and legal consequences for food safety violations.

LG Chem Pushes for U.S. Battery Supply Chain Support at Tennessee Forum

LG Chem participates in the Tennessee Manufacturing Forum to discuss support and collaboration for advanced industries in the U.S.

POCO F7 vs. Galaxy S25: Xiaomi Says ‘Game On’ with 120W Charging and 2K Gaming

Xiaomi's POCO F7 Series launch highlights superior performance and features compared to Samsung's Galaxy S25, aiming to lead the market.

South Korea Rises to 21st in Global Income by 2075—Japan Slips to 45th

South Korea is projected to rank 21st globally in income by 2075, while Japan's ranking will drop significantly to 45th.

U.S. Blacklists 50+ Chinese Firms, Sends Nvidia Stock Into Freefall

The U.S. blacklists over 50 Chinese firms, restricting semiconductor access and impacting stock prices of major companies.

Topics

‘Spiced’ With Opium: Chinese Restaurant Owner Jailed for Drug-Laced Hot Pot

A Chinese restaurant owner was caught using opium poppies as seasoning, leading to a ban and legal consequences for food safety violations.

LG Chem Pushes for U.S. Battery Supply Chain Support at Tennessee Forum

LG Chem participates in the Tennessee Manufacturing Forum to discuss support and collaboration for advanced industries in the U.S.

POCO F7 vs. Galaxy S25: Xiaomi Says ‘Game On’ with 120W Charging and 2K Gaming

Xiaomi's POCO F7 Series launch highlights superior performance and features compared to Samsung's Galaxy S25, aiming to lead the market.

South Korea Rises to 21st in Global Income by 2075—Japan Slips to 45th

South Korea is projected to rank 21st globally in income by 2075, while Japan's ranking will drop significantly to 45th.

U.S. Blacklists 50+ Chinese Firms, Sends Nvidia Stock Into Freefall

The U.S. blacklists over 50 Chinese firms, restricting semiconductor access and impacting stock prices of major companies.

Dow Dips, Nasdaq Plunges: Trump’s Auto Tariff Threat Shakes Wall Street

The NYSE fell sharply as investor sentiment shifted after Trump's auto tariff announcement, impacting tech stocks like Tesla and Nvidia.

Oil Prices Jump as U.S. Crude Stockpiles Shrink More Than Expected

U.S. oil reserves fell sharply, driving prices up amid concerns over supply disruptions and Trump's tariff policies.

SAP Tops Europe’s Market Charts, Fueled by AI Momentum

SAP has surpassed LVMH and Novo Nordisk to become Europe's most valuable company, driven by AI advancements and cloud solutions.

Related Articles