Yeo Teknoloji jumps after battery storage deal under Türkiye's first ESCO model
BUZZ-Yeo Teknoloji jumps after battery storage deal under Türkiye's first ESCO model ** Shares of Yeo Teknoloji Enerji ve Endustri YEOTK.IS rise 7% after its JV Solesco3 signed an agreement for two battery energy storage projects under Türkiye's first ESCO model, with about $40 million in planned investment
** Yeo says Solesco3 Renewable Energy, owned 70% by subsidiary CALL Energy and 30% by Inavitas Energy, signed the agreement with companies within Saves Energy Group
** The projects will have a combined storage capacity of 120 MWh, with commissioning expected in H1 2027
** Brokerage Pusula Yatirim said the deal was positive given its status and the relatively short payback period for the roughly $40 million investment
** Including Monday's gains, shares are up about 161% YTD
** Stock is second-best performer in Türkiye's main BIST 100 index .XU100
(Reporting by Canan Sevgili)
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