IHI Terrasun Solutions Executes MOU With SK Innovations to Include Batteries in Integration Portfolio

CHICAGO, July 1, 2021 (Newswire.com) - IHI Terrasun Solutions, Inc. (Terrasun), a subsidiary of IHI Corporation, has executed a memorandum of understanding with SK Innovation (SKI) establishing their partnership on future energy storage projects. The MOU indicates that Terrasun will integrate SKI batteries into its battery portfolio to support energy storage projects in their extensive 2022 pipeline and beyond.

"We are happy to have SKI's support and look forward to seeing where our new strategic partnership can take our companies," Jamal Burki, President of IHI Terrasun Solutions, comments. "This partnership leverages advanced battery technology manufactured at SKI's new manufacturing facility in Georgia, USA and we are proud to support US manufacturing and commitment to clean energy." Terrasun's technology-agnostic approach integrates multiple top-tier batteries into offerings that enable customers to develop the ideal energy storage solution for their needs with the most advanced technology available. Incorporating SKI into the battery portfolio supports Terrasun's commitment to providing customers with the best solutions in the industry.

As the US market expands and advances, both Terrasun and SKI expect their partnership to be instrumental in the installation of key solar + storage facilities supporting clean energy in America and Canada. "This partnership will advance clean energy across North America and support both company goals of creating a greener future," Dae-Hee Cho, Head of ESS Business at SKI adds. SK Innovation is a global leader in the energy and petrochemical industry and possesses the world's top technology and market competitiveness for Lithium-ion batteries. The company is driven to invest proactively in eco-friendly business and to support global green energy development.

The two companies align in their focus on safety, quality and their expertise in the US energy market. Terrasun is a solar + storage lifecycle services provider with extensive experience designing, integrating, commissioning, and managing energy storage projects. With over 450MWh of battery energy storage installed, contracted, and in construction, IHI Terrasun Solutions is positioned to install SKI batteries across North America.

About IHI Terrasun Solutions

IHI Terrasun Solutions, Inc. was established in 2014 as IHI Energy Storage and was positioned to develop software and provide energy storage system integration solutions and services utilizing the software. IHI Terrasun Solutions, Inc. now provides integrated solar + storage lifecycle services and solutions grounded in advanced software and hardware.

Interested parties can learn more about the range of solutions and services offered by IHI Terrasun Solutions, Inc. on the company website: https://ihiterrasun.com

Contact info:
Licole Paroly
Marketing Manager, IHI Terrasun Solutions
914-656-0002 [email protected]

Source: IHI Terrasun Solutions, Inc.