Samsung SDI’s energy storage offers a variety of values for its users. ESS complements the volatility of renewable energy produced by wind or solar power generation systems. ESS stabilizes the output of renewable energy by charging and discharging irregular and intermittent power generated by wind and solar power systems. It is currently working on optimizing the battery performance of car batteries.
‘Businessskorea‘ has apparently revealed what Statistica, a German market and consumer data company, has estimated that the global ESS installations are expected to reach 747 012 GWh by 2030. This mentioned figure is 2 258 times more than the cumulative installed capacity until 2013, which is 329 GWh.
Speaking of today, Samsung SDI and LG Energy Solutions are sharpening their competitive advantages in this fast-changing energy storage system (ESS) market. Samsung SDI is working with the companies that have already worked on the ESS projects to greatly enhance its competitiveness.
Both the companies are pumping up their efforts to improve quality. Samsung SDI is using the mounting of high nickle ternary batteries in their premium products.
These batteries use high-nickel cathode material and have low cost when compared to lithium-ion phosphate batteries, but are evaluated for their high quality.
On the other hand, LG Energy Solutions is using TR-1300 as a product with increased energy density and space efficiency per unit area. This is a technology that completely blocks fire from spreading to neighboring products that have been applied.
LG Energy Solutions is also promoting the application of ESS for lithium iron phosphate batteries and securing competitiveness based on small-sized and long battery life technology.
In its new strategy, Samsung SDI plans to target the ESS market through its battery brand named ‘PRiMX. The energy storage system is enjoying a massive uptick. Samsung SDI has dominated the ESS market and is moving to maintain the competitive edge based on differentiated technologies.