Taiwan Cement Corporation’s buyout of NHOA is a “reconfirmation of strategic financial support” from the majority shareholder, Energy-Storage.news has heard.
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.
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.
New HOrizons Ahead (NHOA) has completed work on a large-scale battery energy storage system (BESS) in Taiwan, designed specifically for a new ancillary service opportunity.
