Wednesday, April 30, 2025
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Tech
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Samsung SDI Expands U.S. Reach with $326 Million Energy Storage Deal

By Derek Hammond
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.

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That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

0
Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

WTI Falls Below $61 as Global Demand Fears Intensify

0
International oil prices dropped significantly due to U.S.-China trade tensions, with Brent and WTI benchmarks falling sharply.

‘Mercy or Mayhem?’ Australia Slammed for Culling Starving Koalas by Air

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Victoria's government faces backlash for euthanizing over 700 koalas affected by wildfires, citing suffering and habitat loss.

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