RS Technologies Co. Ltd. (JP:3445) has released an update.
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RS Technologies Co. Ltd. reports significant growth in the global stationary storage batteries market, driven by government incentives and the introduction of Energy Storage Systems (ESS) in key regions. The market is expected to continue growing, with vanadium redox flow batteries gaining a share due to their suitability for large-scale ESS in renewable energy. These batteries stand out for their stability, nonflammability, and long lifecycle, with demand rising for their use in wind and solar power generation.
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