Guoxia Technology to Cooperate with Energy Storage System Company; Shares Slip 3%

MT Newswires Live15:17

Guoxia Technology (HKG:2655) entered into a three-year strategic cooperation agreement with Rocmore Energy, according to a Tuesday Hong Kong bourse filing.

Shares of the energy storage systems provider were down over 3% in Wednesday afternoon trading.

Under the contract, the parties will integrate Guoxia Technology's energy storage solutions with Rocmore's Nordic projects to jointly serve the Nordic and wider European markets.

The company believes the arrangement will help promote its products and expand its presence in Europe, with a focus on the Nordic market.

Rocmore Energy develops and establishes energy storage systems to provide frequency support services in the electricity grid.

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