20 June 2012
At Intersolar Europe, the German inverter manufacturer, Kaco New Energy secured a cooperation agreement with a Korean manufacturer of lithium-ion based storage mediums, Samsung SDI, which will supply Kaco will a continuous supply of batteries.
The Memorandum of Understanding (MOU) 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.
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.
Since its establishment in 1970, Samsung SDI has been involved with the South Korean display industry and has 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.