The European Association for Storage of Energy (EASE) is glad to extend a warm welcome to its newest member Samsung SDI – who joined EASE in January 2020. Mr Park, Senior Vice-President at Samsung SDI, accepted to discuss with us Samsung’s expertise in energy storage and expectations from this collaboration with EASE.
Mr Park, thank you very much for accepting this interview. We are really happy to have Samsung SDI among our members and we would like to know more about your activities in the sector. Could you summarise the most interesting insights from Samsung SDI’s work for energy storage in Europe?
Mr Park: Thank you for having us in EASE. In 2010, Samsung SDI went into battery business for energy storage system (ESS) applications. Currently, SDI is the number one ESS battery provider with the largest market share in the global ESS market. Our ESS battery technology enables us to meet various user requirements. Our solutions can be customised for a diverse range of applications in the electricity market. SDI’s battery system for ESS applications have these outstanding features: long life cycle, high stability and superb performance. Therefore, we have won customers’ trust and secured our position in the market. I think there are two major trends in the current European market. One is the increased convergence of renewables and energy storage, as can be seen in the German residential market. Another trend is grid decentralisation, for instance grid scale ESS projects in the UK.
We look forward for a very fruitful collaboration with you and to receive Samsung SDI’s inputs for our Working Groups and Task Forces. What created the interest from your company to join EASE?
Mr Park: We don’t take the status of being number one in the European ESS battery market for granted. We see ourselves not just as a battery supplier but as a market leader. SDI will devote our efforts to the continuing growth of the European ESS market. We are also looking forward to a fruitful collaboration with EASE and its members.
What is your vision for how storage can contribute to the energy transition?
Mr Park: We believe that applications of ESS are key to ensure the energy transition from fossil fuel-based energy generation to renewable energy generation, since ESS makes up for the intermittency of renewables. This will enable European countries to achieve their goals of carbon neutrality. We are ready and well-prepared to contribute to these targets by providing our highly quality battery solutions.