GreenEnergy & Company Inc. [1436.T]
TOKYO, Jun 30 (Pulse News Wire) – GreenEnergy & Company Inc. (1436.T) and Kuradashi Co.
Ltd. signed a basic agreement to jointly develop and operate grid battery storage facilities. The companies aim to accelerate the expansion of renewable energy installations through their collaboration. Under the agreement, the firms plan to establish a joint venture focusing on five or more grid-scale battery systems. They also consider forming a fund to raise capital from investors for additional projects.
Revenue generated from battery operations would be distributed back to investors as dividends, potentially attracting further investment and enabling the establishment of new facilities. Details such as the joint venture's name, structure, start date, capital amount, and equity ratios will be disclosed once finalized. Kuradashi, founded in July 2014, operates the social good marketplace "Kuradashi," among other ventures, and entered the renewable energy sector in January 2025. Its capital stands at ¥10.3 million. Further discussions are ongoing to finalize the joint venture contract.
Any impact on fiscal 2027 results will be assessed along with other factors and promptly disclosed if necessary.
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