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ASAHI KASEI CORPORATION shares resilient after announcing joint development of battery storage optimization system with The Chugoku Electric Power Company
ASAHI KASEI CORPORATION <3407> showed resilience in afternoon trading. The company announced today that it has signed a memorandum of understanding with The Chugoku Electric Power Company, Incorporated <9504> for the joint development of a battery storage optimization system. This announcement appears to be supporting the stock price.
The system is designed to support operational decisions that lead to improved long-term profitability by considering not only revenue from electricity market trading but also the impact on battery condition and lifespan. Leveraging the technologies and expertise of both companies, they will develop new software based on ASAHI KASEI's battery degradation diagnostic software to formulate charge and discharge plans for battery storage systems, with the aim of commercialization.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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