E.ON and Samsung SDI sign a Memorandum of Understanding on
co-operation in energy storage business
Dec. 12, 2015 + + + E.ON SE has signed a Memorandum of Understanding with Samsung SDI Co.,
Ltd., on co-operation in the energy storage business. The co-operation
includes the development of profitable energy storage solutions and, to
this end, to assess and develop a potential business model for targeting
applications for Lithium-Ion batteries in selected regions and markets.
The agreement focuses on solutions for grid stabilization, industrial
customers and appropriate energy systems.
“The expansion of
renewables, together with customers’ demands for decentralized solutions
are driving the need for flexibility across the entire energy system.
Lithium-Ion batteries are well suited to provide part of this flexibility
due to their modular size, efficiency, simplicity and scalability”, said
Bernhard Reutersberg, Chief Markets Officer E.ON SE. “To grow in this
area, we are convinced Samsung is the right partner for us to develop a
potential business model. The company is a market leader with a strong
know-how and track record”, he added.
“As one of global leaders of
supplying lithium-ion battery-related products, Samsung SDI serves the ESS
markets with new innovative products that our capability and experience
fabricate”, said Sewoong Park, Vice President of Samsung SDI ESS Business
Team. “With the developing battery technology, Samsung SDI strengthens the
product line-up and platforms for diverse ESS applications, and will
continue to be a trustworthy partner to E.ON.”
E.ON and Samsung SDI
Co., Ltd., will run battery projects in US, Germany, UK and Czech Republic
first. Both companies have planned to extend these initiatives to other
countries.
Source E.ON
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