Nidec ( (JP:6594) ) has provided an announcement.
Nidec Corporation has announced its involvement in the largest Battery Energy Storage System (BESS) project in the Baltic region, marking its first venture in this area. The company has secured an order for over 50 units, totaling 100 MW of power and 200 MWh capacity, expected to be delivered by the end of 2025. This project is anticipated to strengthen Nidec’s operational capabilities and market presence in the energy storage sector.
More about Nidec
Nidec Corporation operates in the industry of precision motors and machinery, providing products such as small precision motors, automotive products, and appliance, commercial, and industrial products. The company focuses on innovation and integration of complementary technologies to enhance its market position.
YTD Price Performance: -13.75%
Average Trading Volume: 1,648
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.34B
For a thorough assessment of 6594 stock, go to TipRanks’ Stock Analysis page.