Samsung SDI announced on the 16th that its North American subsidiary, “Samsung SDI America (SDIA),” has signed a lithium iron phosphate (LFP) battery supply contract with Jupiter Power, a leading U.S. energy storage system (ESS) development and operations company.
Under this contract, Samsung SDI will supply a total of 16 GWh (gigawatt-hours) of LFP batteries over three years starting in 2029 for large-scale ESS projects that Jupiter Power is undertaking locally. The contract value is estimated to be in the range of 3 to 4 trillion won, according to industry estimates.
Including supply volumes already contracted by the two companies, the total order size reaches approximately 27 GWh. The LFP batteries supplied to Jupiter Power are scheduled to be produced at the Star Plus Energy (SPE) plant located in Indiana, U.S. By securing a large-scale supply volume early on immediately after commencing mass production of LFP batteries at the SPE plant, Samsung SDI has accelerated its efforts to capture the ESS market.
This order signifies that Samsung SDI, as the only non-Chinese prismatic ESS battery manufacturer in North America, has secured trust from local energy specialists by also establishing a supply chain for materials independent of China. Expanding its ESS business portfolio from existing ternary-based batteries to LFP batteries, Samsung SDI has recently achieved consecutive order successes. It is strengthening its supply chain competitiveness in the relevant sector by signing LFP material supply contracts with domestic material companies such as POSCO Future M and LG Energy Solution (L&F).
Fabrice Hudry, Vice President and ESS Team Leader at Samsung SDI’s North American subsidiary (SDIA), stated, “This is a result of our prismatic LFP batteries produced in the U.S. being recognized for their competitiveness and supply capabilities,” adding, “Based on our differentiated prismatic battery technology and stable supply chain, we will continue to target the global ESS market.”
Andy Bowman, Chief Executive Officer (CEO) of Jupiter Power, said, “Securing stable U.S.-made equipment is central to our project planning and risk management strategy,” adding, “Through Samsung SDI’s LFP batteries produced in the U.S., we will strengthen our supply chain competitiveness and provide stable power supply capabilities.”
in INDUSTRY
