#Japan #BESS #PowerX #Tamano City #EPCG

PowerX Signs MOU with Montenegro's EPCG

On May 7, 2026, PowerX, Inc., based in Tamano City, Okayama Prefecture, formalized a Memorandum of Understanding (MOU) with Montenegro’s national electricity utility, Elektroprivreda Crne Gore AD Nikšić, commonly known as EPCG. This strategic partnership focuses on advancing battery energy storage systems (BESS) in Montenegro, which plays a pivotal role in the country's energy transition and grid modernization.

The MOU outlines a target to establish approximately 500 MWh of BESS capacity over an initial three-year term. This initiative aims to facilitate the large-scale integration of renewable energy sources, ultimately enhancing grid stability. Montenegro's National Energy and Climate Plan, adopted in December 2025, identifies a target for renewable energy to constitute at least 50% of gross final energy consumption by 2030. The partnership is expected to significantly contribute to these national goals, especially given EPCG’s status as the largest electricity producer in the region.

As part of the agreement, both entities will closely collaborate to create optimal deployment plans for BESS, ensuring reliability, peak shaving, and frequency regulation capabilities. Furthermore, PowerX aims to explore the possibility of establishing local assembly facilities for BESS in Montenegro, fostering economic growth and job creation in the region.

Montenegro's strategic importance escalates due to its current EU candidate status, further amplified by its power interconnection with Italy. This backdrop creates a promising environment for clean energy infrastructure investments. PowerX intends to utilize this cooperation as a platform for expanding its BESS business within the European market.

Masahiro Ito, CEO of PowerX, expressed his enthusiasm about the partnership by stating, "Battery energy storage systems are becoming integral to modern energy infrastructure, enabling greater integration of renewable energy while also fortifying grid stability, flexibility, and resilience. We are excited to partner with EPCG to assist Montenegro in its energy transition and power system modernization. Our goal through this collaboration is not merely to implement cutting-edge battery solutions but also to lay the groundwork for long-term initiatives in both Montenegro and the broader region."

Zdravko Dragaš, CEO of EPCG, echoed this sentiment, highlighting the importance of innovation and sustainability in Montenegro's energy transition. "This partnership signifies a significant step towards modernizing our power system and underscores EPCG's commitment to an innovative energy transition. By collaborating with PowerX, we gain access to advanced energy storage technologies critical for effectively integrating renewable energy sources and ensuring Montenegro's long-term energy security."

About PowerX

Founded and headquartered in Japan, PowerX specializes in energy storage solutions and was listed in the Tokyo Stock Exchange Growth Market. The company has made significant strides in battery energy storage systems (BESS), data centers, and battery-buffered EV charging systems. To date, PowerX's BESS has been installed across 153 project sites in Japan, accumulating a total capacity of 2.8 GWh, showcasing its extensive experience and commitment to energy solutions.

About EPCG

EPCG operates as Montenegro’s primary electricity utility, managing the generation, transmission, distribution, and supply of most of the country's electrical power. With a substantial installed capacity of around 874 MW, which includes major hydropower plants and an expanding portfolio of renewable sources, EPCG is crucial to advancing Montenegro's energy landscape.

In conclusion, this partnership between PowerX and EPCG marks a significant advancement in not only enhancing energy storage capabilities in Montenegro but also setting a precedent for future collaborations in the renewable energy sector in Europe. By leveraging their strengths, the two companies aim to navigate the energy transition seamlessly, focusing on sustainability and innovation.