Tess Holdings (TYO:5074) said its subsidiary, TESS Engineering, has received a significant order for the engineering, procurement, and construction of power storage plants for power grids, according to a Tuesday filing on the Tokyo Stock Exchange.
The order, valued at approximately 4.0 billion yen, involves the construction of power storage plants in Nishiki-cho, Kuma-gun, Kumamoto, with an output of around 25 MW and a capacity of 100 MWh.
The planned delivery date for the project is December 2027.
This order highlights the company's expertise in EPC services for energy plants and utility equipment, as well as its focus on power-storage system-related businesses.
The income from this order is expected to be recognized gradually over the fiscal years ending June 30, 2027, through June 30, 2028.
Shares of the company gained 3% in morning trade Wednesday.
Price (JPY): $303.00, Change: $+9.0, Percent Change: +3.06%
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