Energy Storage News•3 days ago
Samsung SDI ramps ESS battery manufacturing in US to 30GWh, Tesla deal talks reported
Key Takeaway
The substantial increase in US-based ESS battery manufacturing by Samsung SDI signals greater domestic supply, potential cost reductions, and improved availability for energy storage projects, benefiting developers and large power consumers.
AI Summary
- •Samsung SDI is significantly expanding its US energy storage battery manufacturing capacity to 30GWh by the end of 2026.
- •This ramp-up reflects a strategic pivot towards ESS due to sluggish EV demand, suggesting increased domestic supply and potential for more competitive pricing for grid-scale and behind-the-meter storage projects.
- •Reported deal talks with Tesla for battery supply highlight strong market demand for large-scale ESS solutions and potential for major partnerships to secure supply.
- •The substantial increase in US manufacturing likely leverages incentives from the Inflation Reduction Act (IRA), potentially offering benefits for US-based energy storage developments.
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