SEOUL, Sept 4 (Reuters) - South Korea's SK On said on
Thursday it has signed a deal with U.S.-based Flatiron Energy
Development to supply lithium iron phosphate (LFP) batteries for
energy storage systems (ESS).
SK On, which supplies automakers including Hyundai Motor ( HYMLF )
, Kia Corp ( KIMTF ) and Ford Motor ( F ), said it
will supply up to 7.2 gigawatt hours (GWh) of ESS batteries
between 2026 and 2030.
The company did not disclose the value of the contract.
The company said in a statement that it will begin mass
production of ESS-dedicated LFP batteries in the second half of
next year, adding that it plans to convert some of its electric
vehicle (EV) battery production lines in Georgia for ESS use.