South Korea’s lithium-ion manufacturer Samsung SDI has signed a memorandum of understanding to form a strategic commercial alliance with automation technology group ABB.
The companies will develop and market modular and scalable microgrid solutions, using lithium-ion batteries for energy storage.
The partnership involves Samsung SDI providing batteries and the battery management system while ABB shares its technologies for electrification, control optimisation, and stabilisation.
Samsung SDI will now have access to ABB’s microgrid systems and markets while enabling the Swiss based firm to expand its energy storage systems interest.
The deal boosts Samsung’s interest in the energy storage systems market, in which it already manufacturers battery packs for homes and businesses.
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.