Elong Power's subsidiary has a new three-year deal for energy storage worth at least $300 million.

Nov 6, 2026, 8:04 PM ETDealRead the original at news.futunn.com

Good for ELPW

Elong signed a 3-year equipment-purchase agreement for at least US$300 million and expects initial contracts worth at least US$45 million to add sales. The larger amount is a purchasing framework, so those sales are not all secured yet.

ELPW · Elong Power Holding Limited

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This gives Elong a signed route to more equipment orders and supports its energy storage business. The company expects the first batch of contracts to bring in sales. The full agreement value is a purchasing framework, not sales already reported, so the expected first batch is the clearest support.

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