THE Manila Electric Co. (Meralco) and Japanese multinational conglomerate Hitachi Ltd. have put up a 2-megawatt (MW) battery-energy storage system (BESS) in Bulacan. “That’s a pilot. From a DU [distribution utility] perspective, we want to understand how battery-energy storage really works and how it will help the network,” said Meralco President Ray Espinosa. “We’re grateful […]
Fuji Electric close to Consul Neowatt buy for Rs 700 crore
Fuji is seeking to buy a majority stake in Consul Neowatt, which is owned by the private equity fund Peepul Capital. Japanese electric and thermal energy major Fuji Electric is in the final stages of discussions to acquire Consul Neowatt Power Solutions, a Chennai based power backup manufacturer, in a deal worth $100 million (Rs […]
