InoBat reported its first profit last year

InoBat (Marian Boček) reported its first profit last year, with revenues in the tens of millions of euros. Its main income came from supplying battery‑storage solutions, although the company was originally founded to manufacture batteries. In Europe last year, most planned battery‑production investments were canceled due to pressure from cheaper Asian competition. InoBat supplied 175 MWh of battery storage for a project in Ukraine and launched a 30 MWh project for ferroalloy producer OFZ.

(teraz.sk)