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Infometis extends gains for third day on Chugoku Electric demand response deal
Infometis <281A> extended its gains for a third consecutive session, reaching a new year-to-date high. The company announced earlier in the day that its demand response (DR) support service "BridgeLAB DR" has been adopted for The Chugoku Electric Power Company, Incorporated <9504> for its new residential DR service "Gutto Zutto. Eco Time Shift," which has launched commercial operations. The development drew buying interest from retail investors.
DR involves adjusting electricity usage patterns to balance supply and demand. Infometis expects to horizontally expand the framework established through this initiative to other electric power companies and retail electricity providers. The company also aims to drive growth as a platform business that comprehensively controls energy equipment by expanding the range of controllable devices beyond Eco-Cute water heaters to include storage batteries, EVs, and air conditioning units.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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