Hithium, Samsung C&T Forge 10 GWh BESS Partnership

Hithium, Samsung C&T Forge 10 GWh BESS Partnership

Hithium recently entered a new global partnership with Samsung (C&T) Engineering and Construction Group, with expertise in engineering, procurement, and construction of large-scale projects.

The company said, “Going forward, Hithium and Samsung C&T will endeavor to work closely, aiming to secure more opportunities for energy storage execution projects worldwide. The project pipeline is estimated to be around 10 GWh in terms of the total BESS capacity. By joining forces, Hithium aims to leverage its experience in energy storage to provide Samsung C&T with comprehensive solutions, fostering a unified response to the expanding global energy storage market. Additionally, this partnership can streamline supply chain integration and facilitate resource sharing, thereby enhancing joint competitiveness in the global industry.”

The partnership was formalized at Hithium headquarters in Xiamen, China, marking a significant milestone in the companies’ collaborative efforts. “We are excited to partner with Samsung C&T as we work together to address the evolving energy storage landscape,” said Nazar Yi, Vice President of Hithium. “This collaboration will not only strengthen our capabilities but also accelerate the deployment of innovative energy solutions on a global scale.”

Battery Storage On The Rise

The world’s energy systems are not decarbonising quickly enough to meet global sustainability commitments, and immediate action must be taken to rapidly deploy long-duration energy storage (LDES) technologies to efficiently integrate the growing amount of renewable energy now coming online, according to a new report.

The inaugural Annual Report from the Long Duration Energy Storage Council calls for LDES to scale from the current 0.22 TW (terawatt) deployment pipeline up to an 8 TW target by 2040, a 50X scaling from today’s pace that will be needed to support market development for LDES solutions and the decarbonization of global energy systems. To enable this growth, the LDES Council is advocating for a dedicated energy storage target pledge of 1.5 TW by 2030 to be set at the United Nations Climate Change Conference (COP29).