Taiwan Cement Corporation has increased its valuation of battery storage and electric vehicle infrastructure solutions provider New HOrizons Ahead (NHOA).

Revenues for the energy storage arm of NHOA Group fell in the first half of 2024 because of the market-wide fall in the price of BESS.

NHOA Energy has launched construction on a battery energy storage system (BESS) project for independent power producer (IPP) ERG in Sicily, Italy.

NHOA Energy signed an agreement with Statkraft to supply a battery energy storage systems (BESS) for a 113MWh project in Coylton, Scotland.

TCC Group Holdings, the majority owner of New HOrizons Ahead (NHOA), intends to increase its holding and take the company private, delisting it from the Euronext Paris exchange.  

EV and energy storage technology firm NHOA has commissioned a 120MWh BESS in Taiwan for parent company Taiwan Cement Group (TCC).

Italy-headquartered energy storage solutions provider NHOA Energy grew revenues 33% in 2023 despite a 20% industry-wide drop in prices, it said in its full-year results.

NHOA has been selected to deliver a large-scale battery energy storage system (BESS) which will play into Italy’s capacity market.

Energy storage and EV infrastructure solutions firm NHOA has commissioned a 31MWh battery energy storage system (BESS) in Peru for multinational utility and IPP Engie.

NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.