Samsung SDI clinches mega-size ESS deal in US amid talks with Tesla

Samsung SDI said Wednesday that its Michigan-based subsidiary signed a contract with a U.S. energy infrastructure developer to supply lithium iron phosphate (LFP) batteries for energy storage systems (ESS) over a three-year period starting in 2027. The Korean battery maker did not disclose the buyer’s name or the exact size of the deal, though it said the contract is worth more than 2 trillion won ($1.36 billion). The announcement has drawn attention as Samsung SDI is reportedly in talks with Tesla to sign a separate three-year agreement worth 3 trillion won to supply 10 gigawatt-hours of LFP batteries annually for ESS. However, the Korean firm denied speculation that the buyer in the recent deal is the U.S. electric vehicle manufacturer. "In addition to the latest contract, Samsung SDI is currently in discussions with multiple global customers regarding the supply of both LFP and NCA batteries, fueling expectations for additional contracts in the near future," the company said in a press release. Samsung SDI plans to fulfill the contract by converting some production lines at its jointWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times