SDI (KRX:006400), the world’s leading manufacturer of lithium-ion
batteries, and ABB,
the leading power and automation technology group, have signed a
memorandum of understanding to establish a strategic commercial
alliance. Samsung SDI and ABB join forces to develop and market
microgrid systems that comprise energy storage solutions.
The two companies will establish a global commercial alliance to develop
and market modular and scalable microgrid solutions, utilizing
lithium-ion batteries for energy storage.
ABB’s global presence and knowledge in microgrid will pave the way for
Samsung SDI to gain better access to microgrid systems and markets. At
the same time, Samsung SDI’s leading position and expertise in battery
and materials will enable ABB to expand business horizon to energy
“The alliance with ABB provides Samsung the basis to expand our global
No. 1 position into the microgrid market. Together with ABB we will make
our utmost effort to develop new products and to pioneer new markets to
keep on being the world’s best ESS company.” said Namseong Cho,
President and CEO of Samsung SDI.
“ABB is very pleased to sign this Memorandum of Understanding with
Samsung SDI. Microgrid applications are expanding rapidly, both in
emerging and developed markets, and are a key growth area in ABB’s Next
Level strategy,” said ABB CEO Ulrich Spiesshofer. “This strategic
alliance allows us to combine our complementary capabilities and will
enable us to bring optimized solutions to our customers.”
According to B3, a Japanese market research firm, Samsung SDI was in
2014 the world’s largest lithium-ion battery manufacturer in the world,
leading in consumer electronics and stationary applications.
The Energy Storage market for Lithium Ion batteries in microgrids was
estimated by Navigant research (2014 report) to reach 3.42GWh by 2022,
at a 41% CAGR.
About Samsung SDI
Samsung SDI (www.samsungsdi.com)
is a leading solution provider in materials and energy. Established in
1970, Samsung SDI began as a producer of cathode ray tubes and entered
the energy solution business in 2002. It has since successfully
transformed itself into a provider of batteries and energy storage
systems, while expanding into the field of automotive batteries.
Following its merger with Cheil Industries in 2014, Samsung SDI now aims
to create synergy between its energy solution business and the newly
acquired electronics and chemical materials business. Samsung SDI's
products include small-sized lithium-ion batteries, automotive
batteries, energy storage systems, materials for semiconductors and
displays, plastic for electronic devices and vehicles, as well as
is a leader in power and automation technologies that enable utility,
industry, and transport and infrastructure customers to improve their
performance while lowering environmental impact. The ABB Group of
companies operates in roughly 100 countries and employs about 140,000