Komori
Other Disclosures8739SPARX Group Co.,Ltd.Financials (excluding banks)

Participation in a Battery Storage Facility Business in Niigata City, Niigata Prefecture

SPARX Group and its subsidiary SGET will participate in a battery storage facility business in Niigata City jointly with SMFL Mirai Partners Co., Ltd. The facility is scheduled to commence commercial operations in May 2028 and is expected to be operated using the electricity markets.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
22.7
MW (rated output)
Wording
Conditional
How definitive the wording is.

Announced details

SGET Niigata Battery Storage Facility / battery storage facility business
Applicable field (uses covered by this announcement)

Capacity market, wholesale electricity market and balancing market

Launch dateMay 2028 (scheduled; commencement of commercial operations)
What the company reported numerically
Usage history

Sixth project nationwide; total output of 252.7 MW, including this facility

Relationship between the counterparty and the company
SPARX Group Co.,Ltd.8739
Relationship with the Company

The Company and its subsidiary SGET are participating in the battery storage facility business jointly with SMFL Mirai Partners Co., Ltd. SGET will support the development, financing and operation of the facility, while the Company will make an investment.

CounterpartySMFL Mirai Partners Co., Ltd.
Location (as indicated in this announcement)

Niigata City, Niigata Prefecture

Site area of approximately 4,900 m², rated output of approximately 22.7 MW and rated capacity of approximately 70.2 MWh

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredSGET Niigata Battery Storage Facility / battery storage facility business
CounterpartySMFL Mirai Partners Co., Ltd.
Relationship with the CompanyThe Company and its subsidiary SGET are participating in the battery storage facility business jointly with SMFL Mirai Partners Co., Ltd. SGET will support the development, financing and operation of the facility, while the Company will make an investment.
Launch dateMay 2028 (scheduled; commencement of commercial operations)
Applicable areaCapacity market, wholesale electricity market and balancing market
LocationNiigata City, Niigata Prefecture
Location scaleSite area of approximately 4,900 m², rated output of approximately 22.7 MW and rated capacity of approximately 70.2 MWh
Usage historySixth project nationwide; total output of 252.7 MW, including this facility
Items this document does not state (10)
Counterparty overviewContract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsImpact on Business PerformanceSource

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.

To stabilize electricity supply and demand, expand the adoption of renewable energy, contribute to carbon neutrality by 2050, and expand the business going forward.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Participation in a Battery Storage Facility Business in Niigata City, Niigata Prefecture | SPARX Group Co.,Ltd. (8739) timely disclosure | Komori