TOKYO, Jun 24 (Pulse News Wire) – GRID Inc. (5582.T) announced that it secured a significant project involving the development of battery storage facilities from May to June 2026.
Previously focused on orders within power generation, manufacturing, transportation, urban, and traffic domains, the company now enters the energy management domain with this substantial contract. The undisclosed client is unrelated to GRID Inc. in terms of capital ties or previous transactions. The contract amount is estimated at around ¥1.600 billion across multiple cases.
Revenue recognition for this project is scheduled to begin in the fiscal quarter ending June 2026 and continue through June 2028. This development does not impact the company's forecasted revenue for the fiscal year ending June 2026, which remains unchanged. Future revenues from this project will be incorporated into subsequent annual performance forecasts. In the event of any further significant developments related to this project, GRID Inc.
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