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PowerX, Inc. ( (JP:485A) ) has issued an update.
PowerX, Inc. has signed a memorandum of understanding with Montenegro’s state-owned utility Elektroprivreda Crne Gore to collaborate on battery energy storage systems, targeting around 500 MWh of capacity over three years to support renewable energy integration and grid stability. The partnership aligns with Montenegro’s 2030 climate plan, which calls for at least a 50% share of renewables in final energy consumption, and positions BESS as a core tool for grid modernization.
Under the MOU, the companies will work on optimal deployment of storage for grid reliability, peak shaving and frequency regulation, with PowerX providing after-sales support and examining local assembly of BESS in Montenegro. With Montenegro’s EU candidate status and power interconnection with Italy, the deal gives PowerX a strategic foothold to expand its BESS business into Europe, while EPCG gains access to advanced storage technologies seen as vital for long-term energy security and the country’s broader energy transition.
More about PowerX, Inc.
PowerX, Inc. is a Japanese energy storage company listed on the Tokyo Stock Exchange Growth Market, focusing on the development and manufacture of battery energy storage systems, scalable modular data centers, battery-buffered EV charging systems, and the operation of grid-scale battery farms. Headquartered in Tamano City with operations and an R&D center in Tokyo, its BESS solutions have been adopted at 153 project sites in Japan, totaling 2.8 GWh of cumulative capacity, underscoring its leading position in Japan’s storage market.
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