Samsung SDI to showcase energy storage innovations at InterBattery Europe
Korean battery maker Samsung SDI announced Monday that it will participate in InterBattery Europe 2025, to be held in Munich, Germany, as part of its effort to strengthen its presence in the region's rapidly growing energy storage market.
The exhibition, a part of Europe's largest energy industry gathering, The Smarter E Europe, will host around 200 companies and run from June 7 to 9.
As Europe's data center energy demand is projected to triple between 2024 and 2030, Samsung SDI plans to showcase products designed to deliver stable power to the facilities, alongside its latest battery innovations.
'Samsung SDI will showcase its portfolio of energy storage system batteries optimized for a wide range of customer applications at the exhibition,' said a Samsung SDI official. 'Visitors will be able to get a glimpse of how Samsung SDI's energy storage system batteries are connected to everyday life.'
At the event, Samsung SDI will publicly unveil its uninterruptible power supply system, the U8A1.
According to the company, the U8A1 is designed to supply power to data centers during outages, featuring ultra-high power output and high power density, while occupying minimal space.
The U8A1 has also been selected as a finalist for The Smarter E Award, which recognizes top innovations showcased during the exhibition, making Samsung SDI the only Korean battery-maker waiting for the award this year.
The company will also highlight the Samsung Battery Box 1.5, which was previously displayed at InterBattery Seoul 2025 in March.
Shaped like a 20-foot-long container, the energy storage solution is equipped with an advanced fire suppression system that injects extinguishing material directly into overheating cells, offering enhanced safety, the company said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
an hour ago
- Korea Herald
Hyundai Steel to supply 100,000 tons of auto steel sheets to GM Korea
Hyundai Steel, the automotive steel manufacturing subsidiary under Hyundai Motor Group, is set to supply steel sheets to GM Korea as early as September, following the automaker's strategic decision to shift its supply chain away from China. According to reports on Friday, GM Korea recently informed China's Baoshan Iron & Steel that it would be switching its steel sheet supplier. The company is carrying out quality certification processes before receiving the materials, estimated at 100,000 tons annually and representing 20 percent of its yearly consumption, from Hyundai Steel. This is Hyundai Steel's first deal involving a significant volume, valued at approximately 110 to 180 billion won ($80.3 million-$131.5 million) in sales revenue, with an automaker other than Hyundai Motor Company and Kia. Since entering the auto steel market in 2010, it has relied on Hyundai Motor and Kia for over 80 percent of its supply volume. Industry insiders indicate that GM Korea's supply reshuffle comes after GM's strategy to decouple from China for key materials such as steel in light of the ongoing trade war between the US and China. Following the recent agreement with Hyundai Steel, GM Korea will now use Korean-made steel across its entire vehicle lineup. 'Although Chinese automotive steel is exempt from the recent 50 percent tariffs imposed by the US government on China-made steel and aluminum, the carmaker appears to have chosen Hyundai Steel to mitigate supply risk concerns arising from tensions between the two countries,' said an industry source on condition of anonymity. GM Korea manufactures models, including the Trax Crossover SUV and Trailblazer SUV, at its Bupyeong plant in Incheon, with over 85 percent of production exported to the US market. The source added that there is also a potential for the US to increase tariffs on cars that use Chinese steel. This partnership is also part of the broader alliance formed last year between Hyundai Motor Group and GM, where Hyundai Motor Group Chairman Chung Euisun and GM CEO Mary Barra agreed to collaborate on key strategic areas in the automotive sector. These include sourcing steel and raw materials for batteries as well as joint development and production of passenger and commercial vehicles, internal combustion engines, and electric and hydrogen systems. Experts say Hyundai Steel and GM Korea's new business ties could pave the way for a revamped collaboration between the steelmaker and GM in the US. 'Hyundai Steel is constructing an electric arc furnace-based steel mill in Louisiana, not far from GM's Tennessee plant,' said Kim Pil-su, a car engineering professor at Daelim University. 'As the car manufacturer is pushing to expand production in the US, it could leverage China-free auto steel sheets from Hyundai Steel.' On Wednesday, GM shared its plans to invest $4 billion over the next two years to increase vehicle production at its plants in Michigan, Kansas and Tennessee. The company expects that this expansion will allow it to produce more than 2 million cars annually in the US. In March, Hyundai Motor Group announced that Hyundai Steel looks to invest $5.8 billion to set up its first overseas production base in the US. With commercial production slated for 2029, the steel manufacturing plant's annual capacity is expected to be 2.7 million tons. This facility will specialize in steel sheets for electric vehicles.
Korea Herald
3 hours ago
- Korea Herald
Tencent seeks to buy stake in Nexon at $15b
Tencent is reportedly considering acquiring a stake in South Korean game giant Nexon at 20 trillion won ($15 billion), a move that would further solidify the Chinese tech giant's presence in the Korean cultural content market. According to Bloomberg, Tencent Holdings has reached out to the family of Nexon's late founder Kim Jung-ju to discuss the possibility of an acquisition. The report added that the size or structure of the deal is unclear. Both Tencent and Nexon have declined to respond to the report. Kim's wife and daughters own about 67.6 percent of the game giant's holding company NXC. Through NXC, they own a 44.4 percent stake in Nexon. Considering the stakes, the deal is estimated to be worth 20 trillion won. The other 30.64 percent stake in NXC is owned by the Korean government. Kim's relatives turned in the shares worth roughly 4.7 trillion won to the government to pay off an inheritance tax. The Finance Ministry has been trying to sell the stake through a tender offer but has failed on multiple occasions. Tencent has long shown interest in Nexon. In 2019, it was named as a potential bidder when NXC was put up for sale. It ultimately did not participate in the bidding. At the time, market big names including Kakao and Netmarble submitted bids, but the sale was eventually called off without a deal. Tencent has been pushing to tighten its grip on the Korean cultural content market through strategic equity investments, holding 34.76 percent stake in Shift Up, 13.71 percent of Krafton, and 17.52 percent in Netmarble, making it the second-largest shareholder in each. It is also the third-largest shareholder in Kakao Games with a 3.88 percent stake. In May, Tencent Music Entertainment, a subsidiary of the Chinese tech giant, acquired the entire 9.38 percent stake of K-pop powerhouse SM Entertainment held by Hybe, valued at approximately 200 billion won. The acquisition positioned Tencent as the second-largest effective shareholder of SM. With the talks of an acquisition deal brewing up, shares of Tokyo-listed Nexon surged as much as 10 percent shortly after the market started trading Friday. Seoul-listed Nexon Games saw a 10 percent surge in its share price as well.
Korea Herald
6 hours ago
- Korea Herald
Naver-led consortium to build next-gen AI data center in Morocco
Korean IT giant Naver said Friday that it has formed a global consortium with Nvidia, AI infrastructure specialist Nexus Core Systems and international investment firm Lloyds Capital to establish a next-generation AI data center in Morocco. According to Naver, the consortium aims to build a 500-megawatt, renewable energy-powered data center that will serve as a sovereign AI computing hub for the Europe, Middle East and Africa (EMEA) region. Morocco's strategic location, 15 kilometers from Europe and directly connected via multiple subsea fiber-optic cables, played a critical role in the site selection. Naver Cloud, in collaboration with Nexus Core Systems and Lloyds Capital, will oversee the operation of the center's platform. The consortium plans to offer a fully integrated suite of AI services and applications built on an advanced cloud infrastructure. In line with the EMEA region's emphasis on data sovereignty, the center will support a sovereign cloud and AI architecture that ensures data is stored, processed and managed entirely within the local jurisdiction. The first phase of the project is slated to begin in the fourth quarter of this year. It includes the deployment of a 40-megawatt AI supercomputing infrastructure equipped with Nvidia's latest Blackwell GPUs, to be completed by year-end. The center will scale up in phases to reach its full 500-megawatt capacity. To support the initiative, the consortium has signed a strategic power purchase agreement with energy firm TAQA, securing a stable and sustainable renewable energy supply for the facility. 'The latest partnership marks a pivotal moment for Naver as we extend our cloud and AI capabilities beyond Japan, Southeast Asia and the Middle East into the European market,' said Chae Sun-joo, head of strategic business division at Naver. 'We will continue to strengthen our global competitiveness and expand collaboration with partners to play a key role in the rapidly evolving AI value chain," she added.
