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SK On Wins $1.1 Billion U.S. ESS Battery Deal

SK On has secured a major order worth about 1.5 trillion won ($1.09 billion) in the U.S. energy storage system (ESS) market, expanding beyond its focus on high-nickel batteries for electric vehicles…

  • SK On secures $1.09 billion ESS battery contract with NeoVolta Power.
  • Agreement supplies 9 GWh of LFP pouch cells from 2027 to 2031.
  • Production shifts to Georgia facility in second half of 2023.

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