E.ON & Samsung To Cooperate On Energy Storage

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E.ON and Samsung SDI have signed a Memorandum of Understanding to work together in the energy storage field. They will collaborate on energy storage solutions, and develop a business model together. Some of the solutions will be for industrial customers, with one focus area being grid stabilization.

top lithium ion battery manufacturers
Lithium-ion battery grid storage market leaders, according to Navigant Research.

“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,” said Sewoong Park, Vice President of Samsung SDI ESS Business Team.

LG Chem top EV battery manufacturer Panasonic Samsung SDI
EV battery market leaders, according to Navigant Research.

Samsung SDI entered the secondary lithium-ion battery industry in the year 2000 and is a global leader in the EV battery market as well as the stationary storage market, though it might be more well known for its electronic display products.

The company already offers a number energy storage products, for both residential and commercial applications, including utilities.

E.ON is based in Germany and is one of the largest gas and power companies that is investor-owned. It is also a wind power leader of sorts. For example, it operates onshore wind farms in the US and Europe with about 4,000 MW of capacity. Offshore wind is also in E.ON’s portfolio — Amrumbank West will have the potential to provide electricity to 300,000 homes, once it is completed. The London Array is one of its projects that is already operational — it has a capacity of 630 MW. But it isn’t only wind power that E.ON has, as it has about 80 MW of solar PV in operation as well. Obviously, energy storage fits well with a company that manages so much renewable energy capacity. (It also operates a number of nuclear power plants in Germany, it should be noted, and it is clearly more tied to conventional energy production at the moment.)

E.ON serves over 30 million customers in many countries. According to Wikipedia, it has 58,000 employees, and is headquartered in Dusseldorf, Germany. Samsung SDI had about 16,499 employees by the end of 2013.

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Jake Richardson

Hello, I have been writing online for some time, and enjoy the outdoors. If you like, you can follow me on Twitter: https://twitter.com/JakeRsol

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