Samsung SDI taps European market with new ESS module
A Samsung SDI employee, left, introduces its new residential electrical energy storage device to a visitor to the Electrical Energy Storage Europe exhibition held in Munich, Germany for three days from June 20 to 22. / Courtesy of Samsung SDI
By Baek Byung-yeul
Samsung SDI is targeting the European market with its new electrical energy storage (ESS) module for residential customers.
To get closer to European customers, the Korean battery maker took part in the Electrical Energy Storage (EES) Europe exhibition, held in Munich, Germany for three days from June 20 and displayed a range of its ESS products with the slogan of “Powering Tomorrow.”
There, Samsung SDI attracted attention with its high-voltage ESS battery module for residential use. To use the power generated by the photovoltaic generator, there should be a conversion process. Though the process inevitably causes power losses, the higher the voltage of the ESS, the lower these are. The company claimed that its high-voltage ESS battery module has better energy conversion efficiency compared to existing residential modules.
Samsung SDI said its 2018 edition ESS battery module's energy density is twice as good as products released last year.
The company said the upgrade was made possible by cell and module design technology that enables a significant increase in energy density. Without changing the size of the battery cell applied to the high-voltage residential ESS battery module, Samsung SDI enlarged its capacity by more than 20 percent through the use of new materials and optimizing the module design.
“Samsung SDI has been attracting global customers by introducing innovative ESS battery products each year,” said Kim Jeong-wook, executive vice president of Samsung SDI Strategic Marketing Office. “We will solidify our position as a leading ESS battery company through differentiated technology.”
The residential ESS market has been growing steadily, centering on the European market where solar and other renewable energy supplies are high. According to data from market researcher B3, the residential ESS market will grow at an average annual rate of 15 percent. This year's residential ESS market demand is estimated at 1,259 megawatt hours while it is expected to grow to 1,889 megawatt hours in 2020.