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Samsung SDI, a manufacturer of lithium-ion batteries, and power automation group ABB 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, using 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 expertise in battery and materials will enable ABB to expand business horizon to energy storage systems.
According to B3, a Japanese market research firm, Samsung SDI was in 2014 the world’s largest lithium-ion battery manufacturer, leading in consumer electronics and stationary applications.