REG - Coro Energy PLC - Co-located Battery Energy Storage System Pilot

Coro EnergyAnnouncement

03/12/2025 07:00

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RNS Number : 9697J  Coro Energy PLC  03 December 2025

3 December 2025

Coro Energy Plc

("Coro" or the "Company")

 

Co-located Battery Energy Storage System pilot ("BESS Pilot")

 

Coro Energy PLC, the South East Asian renewable energy developer, is pleased
to announce that it has now signed binding documentation with Mobile World
Group ("MWG") for the delivery of a co-located Battery Energy Storage System
Pilot ("BESS Pilot") at one of Coro's existing rooftop solar sites in Ho Chi
Minh City.

 

The BESS pilot will run for approximately 4-6 weeks from the point of
installation to gather data and validate the business case for a wider rollout
of the concept across the MWG portfolio and other commercial and industrial
("C&I") customers in Vietnam.

 

The BESS Pilot will be conducted with Coro's strategic BESS partner, Threefold
Energy Group Ltd ("Threefold Energy"), utilising their proprietary engineering
and IP-protected energy management platform.

 

Tom Richardson, Chairman of Coro, commented:

 

"The BESS Pilot with Threefold Energy marks an important step forward in
Coro's strategic positioning in Vietnam. By extending our offering beyond
rooftop solar to integrated storage, we are delivering higher-value, flexible
solutions to our C&I customers and positioning Coro to capture additional
growth opportunities across the region."

 

Luke Gamble, CEO of Threefold Power, said:

 

"Threefold builds behind-the-meter energy infrastructure that works within
existing regional energy systems, enabling businesses to access cheaper,
cleaner and more reliable power, while providing additional flexibility to
grids. For MWG, our technology will combine local solar generation with
intelligent storage to reduce costs, lower emissions and strengthen resilience
at the C&I level. We look forward to demonstrating the value of our
platform and extending it across the wider MWG estate."

 

- ENDS -

For further information please contact:

 Coro Energy plc                                                                                                                                           Via Vigo Consulting Ltd

 Threefold Energy Group Ltd                                                                                                                                info@threefold.energy (mailto:info@threefold.energy)

 Cavendish Capital Markets Limited (Nominated Adviser)                                                                                                     Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes
 Tennyson Securities (Nominated Broker)                                                                                                                    Tel: 44 (0)2 4530 9239

 Peter
 Krens
 Vigo Consulting (IR/PR Advisor)                                                                                                                           Tel: 44 (0)20 7390 0230

 Patrick d'Ancona

 

 

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