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With the funds raised, the company will finance the Battery Energy Storage System (BESS) project in Rietave. The issued bonds are secured by the secondary mortgage of this project.
A total of 29.2 million is planned to be invested in the project. Eur. A BESS system will store excess electricity when demand is low and feed it back into the grid during peak demand. The project is scheduled to be completed in 2026. fourth quarter.
