Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

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Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era - Korea Economic Daily

Quick Summary:

Hanwha Ocean Co.and Samsung SDI Co.will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea’s Navy later this year, a move expected to usher in a new era for the country’s overall ship construction industry.

The lowered cost is expected to lead to active electrification in the vessel power system in the private sector, led by Korea’s other leading shipbuilders – HD Hyundai Heavy Industries Co.and Samsung Heavy Industries Co.– as well as major battery makers, LG Energy Solution Ltd.and SK On Co.

LEAD TO ELECTRIFICATION IN THE PRIVATE SHIPBUILDING SECTOR The successful application of the lithium-ion battery system to the Navy’s submarine is expected to mark a turning point in the country’s shipbuilding industry, analysts said.