StocksMedium•15 November 2026•
1 min read
Samsung SDI to Supply 16 GWh of LFP Batteries to Jupiter Power
Key Facts
1Samsung SDI will supply 16 GWh of Lithium Iron Phosphate (LFP) batteries to Jupiter Power.
2The deal is estimated to be worth trillions of Korean won, marking a significant expansion in the energy storage market.
Samsung SDI signed a contract to supply 16 GWh of Lithium Iron Phosphate (LFP) batteries to US-based Jupiter Power. Asia Economy reported that the deal is estimated to be worth trillions of Korean won, with the company set to provide batteries for large-scale energy storage projects over a three-year period starting in 2029.
The agreement involves the SBB (Samsung Battery Box) solution equipped with batteries produced at the StarPlus Energy plant in Indiana. Jupiter Power, which is owned by BlackRock, develops utility-scale energy storage systems in the United States, and this partnership aims to strengthen supply chain competitiveness by utilizing North American-made prismatic battery technology to reduce reliance on Chinese materials.