Energy Storage News•about 1 month ago
Established manufacturing footprint, new technology: SK On’s US BESS market strategy
- •SK On is pursuing a vertically integrated strategy for Battery Energy Storage Systems (BESS) in the US, leveraging an established manufacturing footprint and introducing new battery technologies.
- •This strategy aims to secure market share and likely benefits from domestic manufacturing incentives (e.g., IRA), potentially leading to more stable supply chains and competitive pricing for BESS components.
- •For developers and large power consumers, this signifies a growing, potentially de-risked, and domestically sourced supply of advanced BESS solutions, impacting project economics, deployment timelines, and overall grid reliability.
storage