PowerX surges for second straight session after delivering battery storage systems to DAIWA HOUSE INDUSTRY's grid-scale storage facility
PowerX, Inc. <485A> extended sharp gains for a second straight session after announcing it delivered four units of its "Mega Power 2700A" battery energy storage system to a new grid-scale storage facility built by DAIWA HOUSE INDUSTRY CO., LTD. <1925> in Kurate-machi, Fukuoka Prefecture, spurring buying interest.
The Fukuoka Kurate Grid-Scale Battery Storage Facility is DAIWA HOUSE INDUSTRY's first high-voltage storage site since entering the business, having commenced operations on Sept. 16. Located at the company's Kyushu plant, the facility connects to the regional power grid. As daytime power generation in Kyushu sometimes exceeds demand, the facility charges during high-supply periods and discharges from the evening as demand rises, helping stabilize the power supply-demand balance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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