January 9 (SeeNews) - Bulgarian battery manufacturer Elhim Iskra [BUL:ELHM] has completed the development of a new type of products – modular solutions for energy storage and power supply, it said on Monday.
The products are designed to ensure the safety and continuity of industrial processes and electrical equipment in various ground applications and to help the integration of renewable energy sources, the company said in a bourse filing.
The solutions can have a capacity of between 5 kW and 500 kW and their parameters can be personalised. Elhim Iskra expects that the new products will be introduced to the market successfully in view of the ongoing green transition efforts and the continuing uncertainties related to the availability and price of conventional energy carriers in Bulgaria and Europe.
The elements of the solutions will be manufactured at the company’s facilities. The production requires raw materials provided by suppliers in Bulgaria.
As at CET 1429 on Monday, shares in Elhim Iskra traded flat at 0.87 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)