G2Power (KOSDAQ:A388050) extended its energy storage system (ESS) contract with V-Gen to Dec. 31, 2027, from March 31, 2027, according to a Wednesday filing with the Korea Exchange.
The contract also features revised terms, including a first intermediate payment of about 1.31 billion won in November, a second intermediate payment of 488 million won in October 2027, and a final balance of 693 million won in December 2027.
The 4.29 billion won contract is for the supply and installation of an ESS for the Daegu Yulha Smart Green National Pilot Industrial Complex.
Shares of the company rose nearly 3% in recent trade.
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.