Seojin Systems announced in a public disclosure on the 26th that it had signed a supply contract worth approximately 185.3 billion won with a global energy storage system (ESS) company. The contract amount represents approximately 15.3% of last year's sales.
The products supplied this time are all ESS products destined for the US, with over 90% produced at Seojin Systems' newly established US plant in Houston, Texas. The company explained that while tariff issues had hampered North American orders earlier this year, supply is now expanding again with the completion of local production infrastructure and the resumption of large-scale projects by customers.
The product being supplied this time is a high-spec, mid- to large-scale ESS for use in large-scale power grid infrastructure. It is a premium model with a higher unit price compared to existing products. Consequently, it is expected to contribute significantly to sales, and with the rapid recovery of previously deferred demand from the US, the possibility of additional orders is also being raised.
Among ESS markets, the US is considered a strategic region with the highest growth potential. With the expansion of the AI industry driving a surge in electricity demand and major big tech companies increasing their investment in data centers, ESS is becoming a key infrastructure for power stability. In response to these changes, Seojin Systems is establishing a local production base in the US and accelerating its expansion of large-scale project orders.
A Seojin Systems official said, “At a time when demand for ESS is explosively increasing due to the spread of AI, securing this large order is a demonstration of our production capacity and product competitiveness in the North American market,” adding, “We will actively respond to the demand for ESS in North America based on our global supply chain spanning the U.S. and Vietnam.”
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