[Featured Stock] Esconec Gains Attention for Supplying Smart Grid Meter Components Amid Heatwave 'Blackout' Concerns

[Asia Economy Reporter Minwoo Lee] Esconec's stock price is on the rise. With a heatwave expected this summer and electricity usage projected to surge, news highlighting the company's involvement in smart grid (intelligent power grid) related businesses appears to have gained attention.

As of 11:15 AM on the 16th, Esconec's stock price recorded 2,300 KRW, up 4.31% compared to the previous day. At one point in the morning, it rose as much as 5.22% from the previous day.

With power shortages anticipated ahead of the summer heatwave, Esconec's smart grid related business has come into focus. Previously, in June last year, Esconec transferred its lithium primary battery business to its wholly owned subsidiary Aricell on the 11th. Following this, Aricell has been actively engaging in the lithium primary battery business and is pushing to target overseas smart grid markets such as Europe and the United States. Aricell is also the brand name of the lithium primary batteries developed by Esconec using proprietary technology.

The smart grid is a major market for lithium primary batteries. Aricell's lithium primary batteries are applied to smart meters used for electricity, water, and other utilities. They are described as having high and stable voltage, a lifespan of over 10 years at room temperature, a wide temperature range from -55 to 85℃, and a low self-discharge rate. They are currently known to be exported to Canada, the United States, and other countries.

Meanwhile, this week in Seoul, daily maximum temperatures have continued to exceed 30 degrees Celsius, with 31.5°C on the 13th, 33.5°C on the 14th, and 30.5°C on the 15th. As electricity usage increased, the peak power demand surged from 68,518 megawatts (MW) on the 11th to 88,087 MW on the 14th. This is close to the year's maximum of 90,564 MW recorded on January 11.