Samsung SDI Lands $1.4 Billion ESS Battery Deal with U.S. Energy Firm

Finance|
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By Lee Geon-Yul
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Samsung SDI (006400.KS) has secured a major contract to supply LFP (lithium iron phosphate) batteries for energy storage systems to a large U.S. energy company.

Samsung SDI announced Thursday that its U.S. subsidiary, Samsung SDI America, has signed a multi-year agreement with a U.S. energy infrastructure development and operation company to supply LFP batteries for ESS applications.

The contract is valued at more than 2 trillion won ($1.4 billion), with deliveries scheduled over approximately three years starting in 2027.

#SamsungSDI#LFPBattery#ESS#EnergyStorage#BatteryDeal#CleanEnergy#KoreanBattery

Original reporting by Lee Geon-Yul for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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