TOKYO, Jun 30 (Pulse News Wire) – Land CO.,LTD. (8918.T) announced that its board of directors resolved , to invest in an unnamed partnership related to Grid Storage No.1 LLC, which now qualifies as a specific subsidiary due to the investment amount exceeding 10% of the company's capital.
The unnamed partnership operates system-use battery storage facilities in Shizuoka Prefecture. The impact on the current fiscal performance is currently being assessed, and any significant effects will be promptly disclosed.
--- This move solidifies LAND Co.'s strategic position in renewable energy infrastructure, particularly in battery storage solutions. The company’s commitment to expanding its portfolio through such investments underscores its long-term growth strategy.
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