NHOA wins power storage contracts for over 620 MWh in Dec

• NHOA SA( EPA: NHOA), formerly Engie EPS, has won contracts for the distribution of more than 620 MWh of energy storage systems throughout the month of December.

The company, which offers e-mobility and also electrical vehicle (EV) fast charging infrastructure along with energy storage space, claimed in a statement that the contracts originate from North America, Australia and also Asia. It plans to give further information "in due time".

NHOA kept in mind that these awards far outperform the assumptions it shared at the beginning of December when it said it was the preferred bidder in Asia as well as the US for about 150 MWh of contracts.

The firm reconfirmed its full-year 2022 forecast for a consolidated revenue of slightly more than EUR 160 million (USD 170.7 m) as well as added that it sees its year-end backlog at between EUR 280 million as well as EUR 290 million. Projects for about 1,400 MWh are currently in execution.