During Intersolar Europe 2012, KACO new energy signed a memorandum of understanding with Samsung SDI, which will see both companies support each other in defining optimal energy storage systems. Sangjin Park, CEO of Samsung SDI and Ralf Hofmann, CEO of KACO new energy both signed the MOU.
The MOU outlines that KACO new energy will pursue storage systems in both private and industrial sectors with Samsung SDI. Samsung SDI has command over the whole process chain from manufacturing of the storage cells to the integration in a complete battery system, including battery management.
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