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SK On to Supply LFP Cells for US Energy Storage

31 Aug

Summary

SK On will supply 9 GWh of LFP battery cells.
The deal is for energy storage system use over five years.
Cells will be produced at SK On's Georgia factory in the U.S.

SK On to Supply LFP Cells for US Energy Storage

SK On, a prominent South Korean battery manufacturer, announced a major supply agreement with NeoVolta Power, a U.S.-based company. This deal involves the provision of 9 gigawatt-hours (GWh) of lithium iron phosphate (LFP) battery cells, specifically for energy storage system applications.

The crucial LFP battery cells are scheduled for delivery over a five-year period, starting in 2027. Production of these cells will take place at SK On's dedicated factory located in the state of Georgia, within the United States.

While the financial value of this substantial contract was not disclosed by SK On, the agreement underscores a growing demand for advanced battery solutions in the U.S. market. The partnership highlights SK On's expanding role in the global energy storage sector.

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