Expansion into co-located battery storage power generation and green businesses
First written in FY2022. 15 of 21 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-08-06.
0 other companies' latest entry also says "Restated".
- FY2026AdvancedAnnual report
「On 31 March 2026, R1 Battery Storage GK, an equity-method affiliate developing the Kikugawa Nishimura Battery Storage project in Kikugawa City, Shizuoka Prefecture, with an output of 90MW and capacity of 270MWh, entered into financing-related agreements with financial institutions. Operations are scheduled to begin in FY2028 following the start of construction.」
The battery storage and GX businesses advanced to the conclusion of a financing agreement and a scheduled FY2028 start of operations for a 90MW/270MWh market-oriented battery storage project, the largest of its kind in Japan. Together with the start of operations at Himeji Battery Storage, the battery storage business advanced to the implementation stage. - FY2026-H1AdvancedAnnual report
「On 30 June 2025, R3 Battery Storage GK, an equity-method affiliate developing a 30MW battery storage project in Ishikari City, Hokkaido, entered into financing-related agreements with financial institutions under an offtake agreement with TOKYO GAS CO.,LTD. signed on 23 June 2025. In addition, on 10 October 2025, Himeji Battery Storage, which had been developed through Himeji Battery Storage GK, an equity-method affiliate, began operations as our group's first grid-scale battery storage project.」
For the 30MW R3 Battery Storage project, financing-related agreements were concluded, establishing a scheduled start of operations in FY2027 and a 20-year fixed-price offtake agreement. Himeji Battery Storage also began operations as our group's first grid-scale battery storage project, advancing the accumulation of operational expertise in the balancing and capacity markets for battery storage. - FY2025AdvancedAnnual report
「The three grid-scale battery storage facilities selected in the FY2023 Long-Term Decarbonized Power Source Auction, located in Tomakomai City, Shiraoi Town, Shiraoi District, Hokkaido, and Mutsumi, Mori Town, Shuchi District, Shizuoka Prefecture, entered into financing-related agreements with financial institutions in February 2025 and are preparing to begin construction.」
The three battery storage facilities selected in the Long-Term Decarbonized Power Source Auction entered into financing-related agreements and advanced to the stage of preparing to begin construction. - FY2025-H1AdvancedAnnual report
「In October 2024, we entered into an environmental value trading agreement to sell directly, at a fixed price, the environmental value of electricity generated at solar power plants newly developed by us to domestic electricity consumers, for a maximum of approximately 36MW over 20 years. As a result of this agreement, the total contracted capacity of our corporate PPAs for Non-FIT solar power reached 207MW.」
In a new area covering Non-FIT and battery storage, an additional 20-year fixed-price environmental value trading agreement for up to approximately 36MW was concluded with a domestic electricity consumer, bringing the total contracted capacity of corporate PPAs for Non-FIT solar power to 207MW. - FY2025-H1AdvancedAnnual report
「In April 2024, three battery storage projects under development by us in Tomakomai, Shiraoi and Mutsumi, Mori Town were selected in the Long-Term Decarbonized Power Source Auction.」
The locations of the three battery storage projects selected in the Long-Term Decarbonized Power Source Auction were specified as Tomakomai, Shiraoi and Mutsumi, Mori Town. - FY2024AdvancedAnnual report
「In April 2024, three battery storage projects under development by us were selected in the Long-Term Decarbonized Power Source Auction.」
For the battery storage and GX businesses, three battery storage projects were selected in the Long-Term Decarbonized Power Source Auction in April 2024, following the start of construction of Himeji Battery Storage. - FY2024-Q3AdvancedAnnual report
「As a result of these agreements, the total contracted capacity under our direct power sales agreements for Non-FIT solar power reached 171MW.」
The total contracted capacity under direct agreements for Non-FIT solar power expanded to 171MW with the addition of agreements with 鈴与商事株式会社 and Toho Gas. - FY2024-Q2AdvancedAnnual report
「In May 2023, we entered into an environmental value trading agreement with Murata Manufacturing Co.,Ltd., which is pursuing RE100, to sell directly, at a fixed price, the environmental value of electricity generated at solar power plants newly developed by us in the form of Non-FIT non-fossil value certificates, for a maximum of approximately 115MW. In August 2023, we also entered into an environmental value trading agreement with OTSUKA CORPORATION, likewise pursuing RE100, to sell directly at a fixed price up to approximately 12MW over 30 years.」
The Non-FIT environmental value sales business expanded from up to approximately 115MW for Murata Manufacturing Co.,Ltd. to an additional 30-year fixed-price contract for up to approximately 12MW with OTSUKA CORPORATION. - FY2024-Q1AdvancedAnnual report
「In June 2023, we entered into financing-related agreements with financial institutions for Himeji Battery Storage GK, our group's first grid-scale battery storage project and an equity-method affiliate. In addition, in June 2023, for renewable energy power generation businesses under Non-FIT arrangements, including corporate PPAs and FIP schemes, we entered into a power sales agreement with 鈴与商事株式会社, a power retailer, to sell directly, at a fixed price, electricity generated at solar power plants newly developed by us, for a maximum of approximately 2MW over 20 years.」
For the expansion of battery storage-co-located power generation and green businesses, we entered into a financing agreement for our first grid-scale battery storage project. We also entered into a 20-year fixed-price Non-FIT power sales agreement with 鈴与商事株式会社 for up to approximately 2MW, adding another direct corporate sales agreement. - FY2023RaisedAnnual report
「We have also begun considering GX businesses, including new fuels such as ammonia and hydrogen, as well as battery storage, rather than limiting our activities to power source development.」
The scope of consideration has been expanded from conventional battery storage-co-located power generation and green businesses to GX businesses, including new fuels such as ammonia and hydrogen. - FY2023-Q3AdvancedAnnual report
「In January 2023, we also entered into a power sales agreement with Evergreen Marketing Co., Ltd., likewise a power retailer, to sell directly, at a fixed price, up to 9,000kW of electricity over 20 years.」
For renewable energy power generation businesses under Non-FIT arrangements, we entered into a 20-year fixed-price power sales agreement with Evergreen Marketing Co., Ltd. in January 2023 for up to 9,000kW. Following the agreement with TOKYO GAS CO.,LTD., we added another direct corporate power sales agreement. - FY2023-Q2AdvancedAnnual report
「As part of our new businesses, we are also developing renewable energy power generation projects under Non-FIT arrangements, including corporate PPAs and FIP schemes. In August 2022, we entered into a power sales agreement with TOKYO GAS CO.,LTD., a power retailer, to sell directly, at a fixed price, electricity generated at solar power plants newly developed by us, for a maximum of 13,000kW over 20 years.」
In August 2022, we entered into a 20-year fixed-price power sales agreement with TOKYO GAS CO.,LTD. for up to 13,000kW of solar-generated electricity under a new Non-FIT power generation business. - FY2022First statedAnnual report
「In addition to power generation businesses consisting solely of conventional renewable energy sources, we will promote the development of new forms of power generation, including renewable energy power generation projects co-located with battery storage, to further accelerate decarbonization in Japan and Asia. We will also pursue green businesses that address environmental and other social issues from a decarbonization perspective, rather than limiting ourselves to power generation businesses.」
In addition to conventional power generation businesses, battery storage-co-located power generation and green businesses that address environmental issues from a decarbonization perspective have been identified as new development areas.