Business
MPower (ASX:MPR) share price up 1,650% in 12 months, and rising again
The MPower Group Ltd (ASX: MPR) share price is soaring in mid-afternoon trade following the announcement of another grid connection. At the time of writing, the technology company’s shares are swapping hands for 14 cents, up 7.7%.
What did MPower announce?
Investors are pushing the MPower share price higher after appearing pleased with the company’s latest update.
According to its release, MPower advised that it has successfully connected a 5MWac solar project to the national electricity grid in Kadina, South Australia. MWac stands for mega-watt alternating current, a commonly used term to measure power from solar PV panels.
The company noted that this is the fifth 5MW solar project that it has connected to the grid. Last week,…
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