ACME Solar share price hits lifetime high after placing BESS order via South Korea’s Posco International Corp
Small-cap stock ACME Solar Holdings jumped over 6% and hit a record high on the BSE on Monday, September 8. The rally in the stock follows the company’s announcement that it has placed a 2 GWh Battery Energy Storage System (BESS) order through Posco International Corporation.
BESS allows energy storage for later use. As energy supply can face fluctuation due to weather, blackouts, or any other foreseen disruption, BESS helps with continual power flow.
