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FINWIRES

PowerX Lands 1.7 Billion Yen Battery Order for Vietnam, Marking First Overseas Export

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PowerX (TYO:485A) has secured its first international order, a 1.7 billion yen large-scale battery storage system for Vietnam, placed by Toyota Tsusho Group (TYO:8015) member Elematec (TYO:2715).

The PowerX Mega Power 2700 units will contribute to regional grid stability and energy security, with revenue expected in the latter half of the year, according to a Tokyo bourse filing on Friday.

While the order was not included in the previously disclosed 2.2 billion yen pipeline, the company maintains its existing earnings forecast for now.

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