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Stock impact report

ADS-TEC Energy wins contract for SWLB municipal battery storage project in Germany

ADS-TEC ENERGY PLC (ADSE) 
Company Research Source: Business Wire
German municipal utility, SWLB, has selected ADS-TEC Energy’s 5 MWh battery energy storage system for integration with its biomass power plant.The BESS5000 system provides grid flexibility and enables participation in energy and ancillary service marketsThis project will act as a reference for decentralized storage in the regulated European distribution grids market.ADS-TEC Energy battery storage systems deliver recurring revenues from grid services and allow participation in energy markets NÜRTINGEN, Germany & LUDWIGSBURG, Germany--(BUSINESS WIRE)--ADS-TEC Energy PLC (NASDAQ: ADSE) today announced it has won a contract from Stadtwerke Ludwigsburg-Kornwestheim (SWLB), a municipal utility in southern Germany, to supply a battery energy storage system for its wood-fired combined heat and power plant. SWLB chose ADS-TEC Energy’s BESS5000 system with a capacity of five megawatt-hours (MWh) for a project scheduled for construction in 2026.This press release features multimedia. View the Show less Read more
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