PowerX Partners with Montenegro's EPCG for Strategic Battery Storage Initiative

PowerX and EPCG: A Strategic Partnership for a Sustainable Future

In a significant move towards enhancing renewable energy infrastructure in Montenegro, PowerX, Inc., headquartered in Tamano City, Okayama Prefecture, has entered into a Memorandum of Understanding (MOU) with Elektroprivreda Crne Gore AD Nikšić (EPCG), the country's state-owned electricity provider. The agreement, signed on May 7, outlines a collaborative strategy focused on developing battery energy storage systems (BESS) aimed at improving energy stability and supporting large-scale renewable energy integration.

Background of the Agreement

The MOU sets an ambitious target of about 500 megawatt-hours (MWh) of battery storage capacity over an initial term of three years. This partnership is poised to bolster Montenegro's energy landscape, adapting to the growing demands of renewable energy sources, thereby enhancing grid stability in the region. Montenegro's commitment to a sustainable energy future is evidenced by its National Energy and Climate Plan, which was ratified in December 2025 and includes a goal of achieving at least 50% renewable energy in total energy consumption by 2030.

EPCG, the leading power generator in Montenegro, has identified BESS as a crucial element in modernizing its electrical grid and facilitating the increased adoption of renewable energy. As part of the agreement, PowerX and EPCG will collaborate to develop optimal BESS deployment plans aimed at enhancing grid reliability, peak load coverage, and frequency regulation, while providing comprehensive customer service.

Benefits of Collaborating

Masahiro Ito, CEO of PowerX, expressed optimism about the partnership, stating, "Battery storage systems are essential components of modern energy infrastructure, enabling increased integration of renewable energy while supporting grid stability, flexibility, and resilience." He underscored PowerX's commitment as Japan's leading BESS provider to contribute to Montenegro's energy transformation and to aid in the modernization of its power grid.

The collaboration is not only aimed at implementing advanced battery storage solutions but also at paving a long-term foundation for PowerX's operations in Montenegro and the surrounding region, which may include establishing local assembly capabilities for BESS systems.

Zdravko Dragaš, CEO of EPCG, also highlighted the importance of this partnership, stressing that it represents a significant step in the country's energy transition and reaffirms EPCG's dedication to an innovative and sustainable energy framework. "Working with PowerX gives us access to advanced energy storage technologies that are crucial for the stable integration of renewable energy sources and the long-term energy security of Montenegro," Dragaš remarked.

Why Montenegro is Significant

Montenegro's status as a candidate for European Union membership, along with its electrical interconnections with Italy, positions the country as a strategically vital market for clean energy infrastructure within Europe. The collaboration between PowerX and EPCG could serve as a model for similar initiatives across the continent, as Europe strives to meet ambitious renewable energy targets and improve energy security.

PowerX Overview

PowerX, Inc. is a prominent Japanese energy storage company listed on the Tokyo Stock Exchange's Growth Market. With its headquarters in Tamano, Okayama, the company has established branches and a research and development center in Tokyo. PowerX focuses on the development and manufacture of BESS, scalable modular data centers, battery-based charging systems for electric vehicles, and the operation of grid-scale battery parks. As of today, PowerX's BESS solutions have been selected for 153 projects in Japan, with a cumulative installed capacity of 2.8 GWh.

For further information on PowerX, please visit Power-X.

EPCG Overview

Elektroprivreda Crne Gore (EPCG) serves as Montenegro's national electricity utility, responsible for the generation, transmission, distribution, and delivery of the majority of the country's electrical energy. With an installed capacity of approximately 874 MW, including significant hydropower capabilities, a major thermal plant, and a progressive portfolio of wind and solar projects, EPCG plays a pivotal role in the country's energy transition. More information can be found at EPCG.