SEOUL, South Korea and SHENZHEN, China and CHENNAI, India and WILMINGTON, N.C., March 25, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) has signed an exclusive cooperation agreement with LETSATSI Power South Africa to install and operate 50 MWh of BESS. LETSATSI was awarded the tender to install 50 MWh of sustainable energy generation in 2026 to combat power deficits in the Copperbelt province of Zambia. The terms of the agreement place MBAK as the exclusive BESS supplier for LETSATSI’s pl ...

SEOUL, South Korea and SHENZHEN, China and CHENNAI, India and WILMINGTON, N.C., March 25, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) has signed an exclusive cooperation agreement with LETSATSI Power South Africa to install and operate 50 MWh of BESS. LETSATSI was awarded the tender to install 50 MWh of sustainable energy generation in 2026 to combat power deficits in the Copperbelt province of Zambia. The terms of the agreement place MBAK as the exclusive BESS supplier for LETSATSI’s pl ...

Core Viewpoint - Repsol is considering bringing in new investors for its U.S. renewables business as part of its strategy to transition from a traditional oil and gas company to a multi-energy player [1] Group 1: Business Strategy - Repsol has developed a portfolio of wind, solar, and hydroelectric projects since 2018, focusing on renewable power generation [1] - The company is also investing in green hydrogen and low-carbon fuels as part of its broader energy transition strategy [1] Group 2: U.S. Market Presence - In the U.S., Repsol has approximately 2.8 gigawatts (GW) of capacity either operating or under construction, along with a development pipeline exceeding 15 GW [1] - The U.S. is identified as a key market for Repsol's low-carbon division, alongside Spain [1] Group 3: Financial Outlook - CEO Josu Jon Imaz stated that the renewables division will be self-financed over the next three years, marking a shift from being a cash consumer to a cash generator [1] - Repsol has reduced its renewable power generation target and will concentrate on green energy projects that provide the best returns while managing exposure through asset sales and partnerships [1]

Core Insights - Statkraft reported strong underlying results in Q4 2025, driven by higher Nordic power prices and record production levels [1][3] - The company achieved a full-year production of over 70 TWh for the first time, while cost reductions and portfolio focus improved competitiveness and reduced net debt [1][3] Financial Performance - Q4 power generation reached 19.4 TWh, the highest for any fourth quarter, with underlying EBITDA of NOK 8.3 billion, up from NOK 7.1 billion [8] - For the full year, total power generation was 72.1 TWh, with an underlying EBITDA of NOK 26.8 billion, but a net loss of NOK 0.4 billion due to impairments and high tax costs [8][9] - Profit before tax for Q4 was NOK 4.3 billion, while the full-year profit before tax was NOK 11.4 billion, significantly lower than NOK 20.6 billion in 2024 [9] Strategic Developments - Statkraft executed its strategy by divesting non-core assets valued at NOK 15.8 billion, reducing headcount, and focusing investments on core technologies [4][5] - The company discontinued development of new hydrogen projects and further offshore wind activities [4] Investment and Capacity - Total investment decisions in 2025 amounted to 722 MW of new renewable capacity, with 700 MW added to operations [6] - Statkraft maintains an annual investment capacity of NOK 16–20 billion, depending on market conditions [6] Segment Performance - The Nordics segment was the main contributor in Q4, benefiting from higher prices and strong hydropower generation [7] - The European segment faced challenges due to lower power prices and weak margins for gas-fired power plants in Germany [7] - International results declined due to higher curtailment for wind assets and lower hydropower availability in Brazil [7] Outlook - Statkraft enters 2026 with a strengthened balance sheet, a more focused portfolio, and a clear strategy for disciplined growth in renewable power generation [11]

Company Overview - Richardson Electronics, Ltd. is a global provider of engineered solutions for renewable energy and power management applications, with a focus on innovation and customer-centric solutions [5][8]. - The company manufactures over 50% of its products in LaFox, Illinois, Marlborough, Massachusetts, and Donaueschingen, Germany, adhering to strict specifications and supplier codes of conduct [5]. New Product Launch - Richardson Electronics announced the launch of two new monitoring relays, the TurbineGuard™ Temperature Signal Relay and the TurbineGuard™ Voltage Signal Relay, aimed at the wind and renewables markets [1][3]. - These products are designed to enhance safety and performance in turbine monitoring systems, addressing the needs of aging turbine fleets and regulatory compliance [1][3]. Product Features - The TurbineGuard™ Temperature Signal Relay includes features such as a temperature LCD readout, programmable temperature set points, and compatibility with both ultracapacitor and lead-acid battery technologies [6]. - The TurbineGuard™ Voltage Signal Relay offers a voltage LCD readout, programmable voltage set points, and status LEDs, ensuring user-friendly operation [6]. Strategic Focus - The company emphasizes its commitment to creating engineered solutions that deliver real value to users, reflecting a customer-first approach in product design and development [3]. - Richardson Electronics aims to meet the evolving needs of the renewable power generation market through continuous innovation and quality improvements [3].