Investment Highlights
- X2M signs NTD50m (approximately AUD2.3m) project for the provision of its ‘energy management solution’ for GreenRock Energy Co., Ltd (“GreenRock”) in Taiwan.
- The project is for use in a 94MW Battery Energy Storage System (“BESS”) in southern Taiwan.
- 80% of revenue is expected to be recognised in FY25 with balance as 3 year service revenue.
- This new announcement further builds on the strategic partnership previously announced.
For the full X2M:ASX release, please see X2M:ASX Announcement – 10 April 2024
