Samsung SDI to unveil innovative products
Samsung SDI plans to take the covers off its new residential energy storage system (ESS) products, which use differentiated design technology, to pre-empt the highly potential market.
The Seoul-based company said Monday it will display its full ESS lineup at Intersolar Europe 2017. The event will take place in Munich, Germany, for three days beginning May 31.
Intersolar is the world-leading exhibition for the ESS and solar industries. Samsung SDI has taken part in the trade show since 2012. A thousand companies including ESS leaders are expected to attend the three-day event.
Included in the product line are market champions and a next-generation cash cow. The former are new residential ESS products, while the latter is an uninterruptible power system with the potential for exponential market growth.
Plus, Samsung SDI will also demonstrate the world’s largest utility-scale ESS and high-voltage ESS modules. As electricity-powered devices catch on, ESS has emerged as a big business. The market’s size is expected to expand down the road.
A residential ESS is a battery system installed in a home. Its main purpose is to store electricity generated by solar panels in system batteries for later use.
“One of the advantages of Samsung SDI’s residential ESS modules is high scalability. Samsung SDI plans to provide ESS modules fitting the various needs of ESS makers on time by applying differentiated scalability,” a Samsung SDI official said.
“If modules are highly scalable, our customers need to carry out only minor design changes. As a result, they can save cost and time.”
The company is scheduled to start mass producing residential ESS modules in the second half of this year. It conducted tests together with customers beginning last year.
Samsung SDI is one of the global leaders in residential ESS. It has remained a market leader in Japan for four straight years since 2013. The Japanese market has grown rapidly due to concerns about electric grid insecurity since the Fukushima nuclear disaster in 2011.
“Customers are showing much interest in the differentiated scalability of Samsung SDI’s residential ESS modules,” Samsung SDI Vice President Park Se-woong said. “We will keep introducing ESS products with market-leading technology.”