Samsung SDI recently unveiled the upgraded Samsung Battery Box 1.5, a scalable energy storage solution designed for both residential and commercial use, at the Interbattery Europe 2024 event in Germany. The company is also set to supply energy storage solution batteries worth 1 trillion won ($724 million) to NextEra Energy, the largest electric utility in the United States. This deal involves providing batteries with a total capacity of 6.3 gigawatt-hours, equivalent to 11.5 percent of North America's total energy storage solution capacity last year. The key product in this agreement is the Samsung Battery Box, which features high-nickel nickel-cobalt-aluminum battery cells and modules housed in a six-meter-long container. This design optimizes internal space, increasing energy density per container by 37 percent compared to previous models, and incorporates module-embedded direct injection technology for improved fire prevention and heat management. The global energy storage market, currently dominated by Chinese products using low-cost lithium iron phosphate batteries, is expected to see increased demand for Korean alternatives due to anticipated US tariff increases on Chinese goods. Korean companies, including Samsung SDI, are diversifying their portfolios to include energy storage systems in response to a decline in demand for electric vehicle batteries. Samsung SDI established the ESS Business Team at the end of last year to expand its presence in the energy storage sector, reflecting the company's strategic response to market shifts and opportunities.