In today’s briefing:
- Aequitas: RelyEZ Pre-IPO Tearsheet
- Renova (9519 JP) – To Resume Power After Some Planned Stoppage
Aequitas: RelyEZ Pre-IPO Tearsheet
- RelyEZ Energy Storage Technology (RLZEZ HK) is looking to raise up to US$150m in its upcoming Hong Kong IPO. The deal will be run by CMB International.
- It is a leading integrated Energy Storage System (ESS) solutions provider in China.
- The firm focuses on delivering comprehensive, high-quality, and scalable ESS solutions, hardware products, software systems/platforms, and supporting services.
Renova (9519 JP) – To Resume Power After Some Planned Stoppage
- Although the 68.4% YoY decline in Q1 FY3/27 OP may appear soft on the surface, this dip was anticipated and primarily driven by the planned concentration of regular biomass facility maintenance.
- Looking past this temporary noise, execution against core growth pillars remains robust.
- Recent milestones include securing ¥7.2bn in project finance for the 100MW Fukuroi Ugari Battery Energy Storage System (BESS), marking the successful rollout of its second large-scale merchant facility.
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