Richardson Electronics, Ltd. Completes Phase One Of Largest Retrofit Of Ultracapacitors For Pitch Energy Modules In North America
Portfolio Pulse from Benzinga Newsdesk
Richardson Electronics, Ltd. (NASDAQ:RELL) has completed the first phase of the largest retrofit of ultracapacitors for pitch energy modules in North America, installing over 50,000 ULTRA3000® units. These modules, a replacement for toxic lead-acid batteries in wind turbines, offer environmental benefits and cost savings. The achievement supports the company's growth in the renewable energy market, with plans to expand globally.

March 14, 2024 | 3:07 pm
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Richardson Electronics' completion of a major ultracapacitor retrofit project for wind turbines signifies a significant step in its growth within the renewable energy sector.
The successful completion of this large-scale retrofit project not only demonstrates Richardson Electronics' capability and commitment to the renewable energy market but also positions the company as a leader in providing eco-friendly solutions. This achievement is likely to enhance the company's reputation, potentially leading to increased demand for its products and services, and could positively impact its financial performance in the short term.
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