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MarketScreener Homepage  >  Equities  >  Tokyo  >  NGK Insulators Ltd    5333   JP3695200000

NGK INSULATORS LTD

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NGK Insulators Ltd : NGK and Italian TSO (Terna) came to an agreement for supply of NAS battery system

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05/14/2013 | 05:03am EDT

Release: May 14, 2013

Company Name: NGK INSULATORS, LTD.

NGK Insulators, Ltd.(President: Taro Kato, Head office: Nagoya)and Terna S.p.A, Italy's largest transmission system operator (TSO) came to a framework agreement for supply of NAS (Sodium - Sulfur) battery system.
This represents the first large scale NAS battery energy storage system installation in European grid system.

According to the framework agreement, maximum quantity equal to 70,000kW (490,000kWh for 7 hours discharge) of the NAS battery system will be supplied for installation in the Italian transmission grid. The first phase order under this agreement is expected with the volume of 35,000kW (245,000kWh)-and with contract price of the system of about 100million euros.

In order to achieve CO2 emissions reduction targets, European nations have agreed to increase the percentage of renewable generation to 20% by 2020. Italy recorded a 72% increase in solar generation and a 34% increase in wind generation during 2012.

TERNA plans to utilize the superior response characteristics and large energy storage capacity of the NAS battery system by installing at substation to balance the demand and supply of electricity instantaneously and stabilize the transmission grid for optimum performance under the massive increase of intermittent renewable energy.

Company Profiles 1. Terna S.p.A
Head office Rome, Italy
Date Established 1999 (became independent from ENEL, Italian electric utility, within the process for the deregulation of the Italian electricity sector)
Key Business Activities Management and development of national electricity transmission line in Italy
Number of employees nearly 3,500
Representative Flavio Cattaneo, CEO
2. NGK Insulators, Ltd.
Head office Nagoya, Japan
Date Established 1919
Key Business Activities Manufacture and sale of electric power related equipment including insulators NAS (Sodium and Sulfur) battery, and of industrial ceramic and beryllium copper products; and plant engineering
Number of employees 3,426 (as of March, 2013)
Representative Taro Kato, President
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Financials (JPY)
Sales 2020 474 B
EBIT 2020 67 100 M
Net income 2020 45 050 M
Debt 2020 83 282 M
Yield 2020 3,38%
P/E ratio 2020 10,6x
P/E ratio 2021 9,13x
EV / Sales2020 1,18x
EV / Sales2021 1,19x
Capitalization 476 B
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Number of Analysts 10
Average target price 1 922,00  JPY
Last Close Price 1 479,00  JPY
Spread / Highest target 75,8%
Spread / Average Target 30,0%
Spread / Lowest Target 1,42%
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NameTitle
Taku Oshima President & Representative Director
Eiji Hamamoto Chairman
Susumu Sakabe Director & Head-Finance & Materials
Hideaki Shindo Finance Manager
Yukihisa Takeuchi Representative Director, Vice President, GM-R&D
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