While revenues increased from €81.2 million in H1 2022 to €115.7 in H1 2023, personnel costs and other operating expenses increased by 101.5% to €23.34 million and 163.3% to €10.35 million respectively. Overall, NHOA Group’s EBITDA loss for H1 2023 widened to €16.59 million from a €5.27 million loss a year earlier. “NHOA Energy performed remarkably well with five energy storage projects online in H1 2023, €250 million rolling order intake and over 1.6GWh in four continents, while expanding in new key geographies, like the UK, with the newly awarded 130MWh projects for Eku Energy,” said Carlalberto Guglielminotti, CEO of NHOA Group. The pipeline of NHOA Energy stood at €1,035 million, down 16% from the pipeline announced in the Q1 2023 trading statement. Moving forward, NHOA Energy is shortlisted in six projects with short-term conversion prospects. In H1, a total of 1.4GWh of backlog spanned across the US, APAC, European and South American markets, while the company was awarded two contracts in the UK for a total capacity of 130MWh by EKU Energy.įive projects entered operation in H1 2023, including the two fast reserve projects in Italy for an combined capacity of 41.1MWh, one of the two Peruvian storage systems (31MWh) and one of the storage systems in Massachusetts for Kearsarge Energy. We have six or seven projects in commissioning, and the rest of the portfolio is progressing healthily,” commented Giuseppe Artizzu, CEO of NHOA Energy. Get information, directions, products, services, phone numbers, and reviews on Mid South Synergy in Navasota, undefined Discover more Electrical Services. “We have converted over €30 million of backlog into revenues, which is similar to last year. The figure was 16% lower compared to Q1 2023, which was mainly due to the significant portion of backlog converted into revenues during the H1 2023 and the impact of commodity-indexed price formulas. All rights reserved.NHOA Energy’s backlog stood at €211 million, 48% higher compared to H1 2022, represented by 1,413MWh in Australia, Taiwan, China, Latin America, the US and Europe. FINDENERGY is a comparison and research website that does not directly offer any energy related products.Ĭopyright © 2022 - 2023 Find Energy LLC. All trademarks remain the property of their respective owners, and are used by FINDENERGY only to describe products and services offered by each respective trademark holder. This data is not always in agreement with annually released government data due to differences in calculation methods and time periods. Additionally, this data is compiled using known ownership relationships between power plants and electricity providers, while some of these relationships remain unknown. Headquartered in Navasota, MidSouth Electric Co-op has district offices in Montgomery and Huntsville. These 12 month periods may vary from provider to provider and from power plant to power plant, as some entities are required to report on a rolling monthly basis others report on an annual basis. Unless otherwise noted, all data is a compilation of the most recent 12 months of government released data. Consumers of the provider experience 1.05 power outages per year with outages lasting an average of 100 minutes.ĭisclaimer: The data displayed on this page may be incomplete or incorrect. Electricity production is not part of the Mid-South Electric Cooperative business model, as they purchase power at wholesale rates to then be resold to their end users. The average residential electric bill for a customer of Mid-South Electric Cooperative is $ 159.54 per month. Of the electricity sourced by the company, whole purchased made up 100.00%. The electricity sourced by Mid-South Electric Cooperative is made up primarily of megawatt hours they acquired by way of wholesale channels. They sold 843, 724 megawatt hours in 2021 through traditional retail accounts. On average, Mid-South Electric Cooperative's residential electricity rate is 12.52 cents per kilowatt hour, which is 3.23% lower than the average Texas rate of 12.94 cents. The company has 19 industrial customer accounts, 30, 950 residential customer accounts and 4, 237 commercial accounts spread throughout their service area. Mid-South Electric Cooperative is an electric cooperative headquartered in Navasota, Texas and serving customers in 8 cities in Texas including cities such as Conroe, Huntsville, Navasota, Montgomery, and Plantersville.
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