RS Technologies Wins METI-Backed Role in Japan’s Grid Storage Expansion
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RS Technologies Co. Ltd. has been selected as a supplier of vanadium redox flow batteries for a METI-backed subsidy program aimed at enhancing renewable energy and grid storage in Japan by fiscal 2025. The company will produce the battery's electrolyte through its subsidiary, LE System Co., Ltd. This initiative is expected to strengthen RS Technologies' position in the energy transition and create sustainable revenue streams. Analysts rate the stock as a Buy with a target price of Yen4418.00, reflecting confidence in the company's growth in the grid-scale storage market.
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