Samsung SDI and ABB form Microgrid Strategic Alliance
Samsung SDI and ABB Group have signed a memorandum of understanding to establish a strategic commercial alliance. Samsung SDI and ABB join forces to develop and market microgrid systems that comprise energy storage solutions. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.
ABBâ€™s global presence and knowledge in microgrid will pave the way for Samsung SDI to gain better access to microgrid systems and markets. At the same time, Samsung SDIâ€™s leading position and expertise in battery and materials will enable ABB to expand business horizon to energy storage systems.
â€œThe alliance with ABB provides Samsung the basis to expand our global No. 1 position into the microgrid market. Together with ABB we will make our utmost effort to develop new products and to pioneer new markets to keep on being the worldâ€™s best ESS company.â€ said Namseong Cho, President and CEO of Samsung SDI.
â€œABB is very pleased to sign this Memorandum of Understanding with Samsung SDI. Microgrid applications are expanding rapidly, both in emerging and developed markets, and are a key growth area in ABBâ€™s Next Level strategy,â€ said ABB CEO Ulrich Spiesshofer. â€œThis strategic alliance allows us to combine our complementary capabilities and will enable us to bring optimized solutions to our customers.â€