The second phase of Acme International (HKG:1870) unit Lechang Green Energy Storage Technology's energy storage business expansion project obtained a Guangdong Province Enterprise Investment Project Filing Certificate.
The electrochemical energy storage facility will have a capacity of 218 megawatt/436 megawatt-hours, according to a Tuesday Hong Kong bourse filing.
Phase two of the project will integrate new energy into the regional power grid and provide ancillary services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.