(Yicai Global) March 28 -- Shares in Shenzhen Clou Electronics surged by the exchange-imposed daily limit today after the Chinese energy equipment developer said it will supply an overseas customer with a 485 megawatt-hour battery energy storage system, on top of two other systems ordered recently.

Clou’s share price [SHE: 002121] closed up 10 percent at CNY5.06 (USD0.79).

The product will be part of the largest renewable energy power generation project in South America, Clou said on March 25, without revealing the name of the client nor the contract amount due to confidentiality reasons. No delivery schedule was given either.

The client, which is said to be a well-known energy firm from the Americas, is a returning customer, the Shenzhen-based company said. Clou signed deals with it in December last year and January this year for energy storage products of 3 MWh and 69 MWh respectively. The contracts will help Clou gain a better foothold in the American market, it added.

Editor: Kim Taylor