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Remixpoint,inc. <3825> surges on completion of retail electricity provider registration for METI-promoted DR program
Remixpoint Inc <3825> extended its sharp rally. On May 22, the company announced its registration as a retail electricity provider offering demand response (DR) programs under a Ministry of Economy, Trade and Industry (METI) subsidy initiative, supporting the shares. The project is part of the fiscal 2025 supplementary budget program to support the introduction of commercial and industrial energy storage systems.
DR is a mechanism that balances grid supply and demand by having customers adjust their power consumption during periods of peak strain. While installing commercial and industrial energy storage systems typically requires upfront costs in the tens of millions of yen, clients can leverage these government subsidies by pairing Remixpoint's eligible storage systems with its "Remix Denki" high-voltage, market-linked "JEPX Standard Plan," significantly mitigating the initial financial burden.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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