Agreements reached under this partnership
Business alliance- 1
The three companies will examine the feasibility of introducing S-Prism's fuel cell power generation systems at AI data centres in Japan.
- 2
The three companies will discuss and pursue the certifications and regulatory approvals required to sell S-Prism's fuel cell power generation systems in Japan.
- 3
The three companies will examine the possibility of cooperating to enable the battery storage systems (ESS) supplied by S-Prism to obtain JC-STAR certification.
- 4
The parties also plan to prepare for JC-STAR compliance of the relevant equipment for the fuel cell power generation systems.
- 5
The three companies may examine the possibility of a capital alliance in the future with a view to strengthening their relationship over the medium to long term.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The impact of this matter on the company's consolidated results for the fiscal year ending December 2026 is currently expected to be minor.
| Item | Details |
|---|---|
| Name of alliance partner | S-Energy Co., Ltd., S-Prism Co., Ltd. |
| Alliance partner's business activities | Development, manufacture and sale of solar cells, including modules, and solar power generation systems, Development and manufacture of fuel cell systems for buildings and power generation |
| Alliance partner's location | Songpa-gu, Seoul, Republic of Korea, Songpa-gu, Seoul, Republic of Korea |
| Alliance partner's capital | 18,648,454,500 KRW, 3,489,658,000 KRW |
| Alliance partner's net sales | S-Energy Co., Ltd.: KRW 102,440 million (fiscal year ended December 2025), S-Prism Co., Ltd.: KRW 15,786 million (fiscal year ended December 2025) |
| Alliance partner's operating income | S-Energy Co., Ltd.: loss of KRW 18,668 million (fiscal year ended December 2025), S-Prism Co., Ltd.: loss of KRW 15,013 million (fiscal year ended December 2025) |
| Type of alliance | Business alliance |
| Details of the alliance | The three companies will examine the feasibility of introducing S-Prism's fuel cell power generation systems at AI data centres in Japan., The three companies will discuss and pursue the certifications and regulatory approvals required to sell S-Prism's fuel cell power generation systems in Japan., The three companies will examine the possibility of cooperating to enable the battery storage systems (ESS) supplied by S-Prism to obtain JC-STAR certification., The parties also plan to prepare for JC-STAR compliance of the relevant equipment for the fuel cell power generation systems., The three companies may examine the possibility of a capital alliance in the future with a view to strengthening their relationship over the medium to long term. |
| Contract Period | 12 months from the date on which the agreement takes effect upon signature by the three companies |
| Date of board resolution | 13 October 2026 |
| Contract Date | 13 October 2026 |
| Impact on Business Performance | The impact of this matter on the company's consolidated results for the fiscal year ending December 2026 is currently expected to be minor. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Demand for electricity at AI data centres is expanding with the spread of generative AI, while some areas in Japan require considerable time to connect to the power grid, making it a challenge to secure a stable power supply. The parties will examine the feasibility of a power supply configuration that reduces dependence on the power grid by using fuel cells and battery storage systems, business expansion in the Japanese market, and the possibility of a capital alliance in the future.