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KACO new energy to Cooperate with Samsung SDI

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At Intersolar Europe, KACO new energy signed a cooperation agreement with Samsung SDI. Thus the inverter manufacturer secured an excellent source for continuous supply of the necessary batteries for Powador-gridsave the company's new energy storage and management system.

Neckarsulm / Munich. At the world’s largest solar power trade fair in Munich, KACO new energy not only presented the Powador-gridsave, it’s energy storage and management system which is ready for delivery, it also secured an excellent source for continuous supply of the necessary batteries.

The Memorandum of Understanding for further cooperation was signed by Mr. Sangjin Park, CEO of Samsung SDI, and Mr. Ralf Hofmann, CEO of KACO new energy. The key items of this MoU are to support each other in defining optimised energy storage systems: Mainly, KACO new energy intends to pursue with this supplier storage systems in both the private and industrial sectors. Samsung SDI has command over the whole process chain from manufacturing of the storage cells right up to the integration in a complete battery system, including battery management. Thanks to Samsungs involvement with other large scale customers, the Korean company will reach the quantities which are necessary to drive the prices down successfully.

About KACO new energy:

KACO new energy is one of the world’s largest manufacturers of grid-tie inverters for feeding solar energy. KACO offers a comprehensive range of inverters for PV systems for everything from single-family homes to multi-megawatt solar farms. The company is based in Neckarsulm, Germany and has been producing inverters with a cumulative capacity exceeding five gigawatts since 1999. KACO new energy was the first company in the photovoltaic industry to manufacture inverters (the Powador model) using completely CO2-neutral production methods. In addition to grid-tie and battery-based solar inverters, the company also supplies inverters for combined heat and power plants and concentrator modules, as well as energy storage systems for solar power plants.

About Samsung SDI:

Since its establishment in 1970, Samsung SDI has historically been in the center of the South Korean display industry's beginning and extended its business scope from vacuum/picture tubes to LCD, PDP, and AMOLEDs. In 2000 Samsung SDI started to develop lithium ion batteries as a new business area and achieved world #1 rank in 2010 within very a short period of time. Samsung SDI nowadays is rapidly expanding its territory at lithium ion battery business over Electric Vehicles, ESS (Energy Storage Systems), and PV modules. Samsung SDI operates 10 production plants, 1 R&D center, 2 sales subsidiaries, and 12 branches worldwide. With significant efforts, Samsung SDI has been selected by DJSI (Dow Jones Sustainability Indexes) for seven consecutive years, a first ever achievement in Korea.

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