LGES, Samsung SDI reportedly booked out for two years as US restrictions and China slowdown reshape ESS market

South Korean battery makers LG Energy Solution and Samsung SDI are booked with energy storage system (ESS) orders for two years ahead. Demand growth is driven by US restrictions and a slowdown in the Chinese market, shifting the balance of power in the ESS segment.

• LGES and Samsung SDI booked with ESS orders for two years ahead
• Cause: US restrictions and China market slowdown
• Further improvement in market conditions expected for Korean makers