Why the Calix (ASX:CLX) share price is surging 8% higher this morning

The Calix Ltd (ASX: CXL) share price is surging higher today following the announcement that it has partnered with a Swedish company to begin a pilot energy storage system.

During the first minutes of market open, the tech company’s shares were up 14.6% to $2.35. At the time of writing, they have retreated to $2.21, up 7.8%.

Let’s take a closer look at what Calix reported to the ASX market this morning.

What’s driving the Calix share price higher?

The Calix share price is on the move today as investors digest the company’s latest update.

In this morning’s release, Calix advised it has entered into a partnership deal with SaltX Technology AB (SaltX).

Based in Sweden, SaltX builds and sells energy storage solutions. The…