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Business deals

Japan startup to ferry offshore wind power to shore in batteries

Leading shipbuilder Imabari makes almost $9m investment in PowerX

PowerX's power transfer vessels will carry batteries to transport clean energy from offshore facilities. (Photo courtesy of PowerX)

TOKYO -- Looking for an alternative to having a cable bring offshore wind energy to land? Japanese startup PowerX thinks that storing the energy in a battery and hauling it to shore is a viable approach.

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