TESS Holdings Secures Major EPC Order for Grid Storage Facility

TOKYO, Jul 17 (Pulse News Wire) – Tess Holdings CO.,LTD. (5074.T) secured a significant Engineering, Procurement, and Construction (EPC) contract for a grid storage facility.

The order was awarded by Komoro Battery Joint Stock Company and involves the construction of a system with a power capacity of approximately 43 MW and energy storage of around 171 MWh. The project's value is estimated at about ¥6 billion. Completion is scheduled for March 2028.

This major contract highlights TESS Holdings' expertise in sustainable solutions, particularly in renewable energy integration and smart energy systems. It builds upon the company’s strategic focus outlined in its mid-term plan “TESS Transformation 2030,” which emphasizes battery storage technologies and grid-scale applications. The revenue from this contract is expected to be recognized in the fiscal years ending June 2027 and June 2028.

TESS Holdings will make further disclosures if there are any significant impacts on consolidated earnings.