Samsung SDI Signs $1.5T ESS Battery Deal with US Firm, Supply to Run Until 2029

Published: Mar 16, 2026 11:58

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Samsung SDI announced that its North American subsidiary had signed an ESS battery supply contract worth KRW 1.5 trillion with a US energy company, with the supply period running from this year through 2029. The batteries will be produced at the Star Plus Energy (SPE) plant in Indiana, US, a joint venture between Samsung SDI and Stellantis, which is expected to supply nickel-cobalt-aluminum (NCA) batteries followed by LFP batteries in sequence.

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