Samsung SDI unit signs US battery deal worth over $1.36 billion for energy storage systems
South Korea’s Samsung SDI said on Wednesday that its unit Samsung SDI America has signed a deal to supply lithium iron phosphate (LFP) batteries to a U.S. customer for energy storage systems, triggering a sharp rally in its shares.
The contract is valued at more than 2 trillion won ($1.36 billion), it said in a statement, adding that deliveries will run for three years starting in 2027.
Samsung SDI did not name the customer, describing it as an energy infrastructure development and operations company.
