Connect with us

Technology

PowerX Signs MOU with Montenegro’s National Utility EPCG for Strategic Cooperation on Battery Energy Storage

Published

6 months ago

on

TOKYO, May 11, 2026 /PRNewswire/ — PowerX, Inc.(Head Office: Tamano City, Okayama Prefecture; Director, President and CEO: Masahiro Ito; Securities Code: 485A) signed a Memorandum of Understanding (MOU) on May 7th with Elektroprivreda Crne Gore AD Nikšić (EPCG), Montenegro’s national electricity utility, regarding the Strategic Cooperation on  Battery Energy Storage Systems (BESS).

The MOU sets an indicative target of approximately 500 MWh of BESS capacity over an initial three-year period to support the large-scale integration of renewable energy and strengthen grid stability in Montenegro.

Montenegro adopted its National Energy and Climate Plan in December 2025, setting 2030 targets that include a minimum 50% share of renewable energy in gross final energy consumption. EPCG, the country’s largest electricity producer, has identified BESS as a key component of its grid modernization and renewable energy integration efforts.

Under the MOU, the parties will collaborate together to identify optimal BESS deployment plans to support grid reliability, peak shaving, and frequency regulation, with comprehensive after-sales support. PowerX will also explore the potential establishment of local BESS assembly capabilities in Montenegro.

Montenegro’s EU candidate status, coupled with its power interconnection with Italy, makes the country a strategically important market for clean energy infrastructure in Europe. PowerX aims to leverage this cooperation as a foundation for expanding its BESS business into the European market.

“Battery energy storage systems are becoming a core part of modern energy infrastructure, enabling greater integration of renewable energy while supporting grid stability, flexibility, and resilience,” said Masahiro Ito, CEO of PowerX. “As Japan’s leading BESS provider, PowerX is pleased to partner with EPCG to support Montenegro’s energy transition and the modernization of its power system. Through this strategic cooperation, we aim not only to deploy advanced battery storage solutions, but also to build a long-term foundation for PowerX’s activities in Montenegro and the wider region, including the development of local battery system assembly capabilities.”

“This partnership represents an important step in the modernization of our power system and further confirms EPCG’s commitment to an energy transition based on innovation and sustainability,” said Zdravko Dragaš, CEO of EPCG. “Cooperation with PowerX gives us access to advanced energy storage technologies, which are essential for the stable integration of renewable energy sources and the long-term energy security of Montenegro.”

About PowerX, Inc.
PowerX is a Japanese energy storage company listed on the Tokyo Stock Exchange Growth Market. Headquartered in Tamano City, Okayama Prefecture, with offices and an R&D center in Tokyo, PowerX’s core business spans the development and manufacture of battery energy storage systems (BESS), scalable modular data centers, and battery-buffered EV charging systems, as well as the development and operation of grid-scale battery farms. To date, its BESS has been selected for 153 project sites in Japan, with a cumulative adopted capacity of 2.8 GWh.

For more information, visit https://power-x.jp/

About Elektroprivreda Crne Gore (EPCG)
Elektroprivreda Crne Gore AD Nikšić (EPCG) is Montenegro’s national electricity utility, responsible for generating, transmitting, distributing, and supplying the majority of the country’s electrical power. With around 874 MW of installed capacity—including major hydropower plants, a key thermal power facility, and an expanding portfolio of wind and solar projects—EPCG plays a central role in Montenegro’s energy transition.

For more information, visit https://www.epcg.com/

Media Contact:
PowerX, Inc. — Corporate Communications
Email: pr@power-x.jp

Disclosure: This press release contains forward-looking statements. Actual results may differ from those projected.The details described in this press release are based on a Memorandum of Understanding and do not constitute a definitive supply contract. Specific project timelines, supply volumes, investment amounts, and definitive agreements remain subject to further discussion between the parties and may change. PowerX will make timely disclosures in accordance with the rules of the Tokyo Stock Exchange as and when material matters are determined.

 

View original content:https://www.prnewswire.com/apac/news-releases/powerx-signs-mou-with-montenegros-national-utility-epcg-for-strategic-cooperation-on-battery-energy-storage-302767489.html

SOURCE PowerX, Inc.

Related Topics:
Continue Reading

Technology

STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

Published

30 minutes ago

on

October 24, 2026

By

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

Continue Reading

Technology

Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

Published

30 minutes ago

on

October 24, 2026

By

TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

2 hours ago

on

October 23, 2026

By

TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

Continue Reading

Trending